Tether, the issuer of the USDT stablecoin worth $144 billion, has just increased its stake in the agricultural company Adecoagro to 70%, affirming its long-term investment strategy in real assets. This move has caused Adecoagro's shares (AGRO) to rise over 7% in pre-market trading.
Tether Boosts Investment in Agriculture
According to the announcement on March 28, #Tether has increased its ownership stake in Adecoagro from 51% to 70% through a share purchase proposal at $12.41 per share. The total market capitalization of Adecoagro is currently around $1.12 billion.
Adecoagro is a large agricultural group in the Latin American region, operating in the fields of sugar, ethanol, dairy, and crop production. The company owns over 210,400 hectares of farmland and numerous industrial facilities in Argentina, Brazil, and Uruguay.
Tether views investing in #Adecoagro as a financial hedge, similar to how they accumulate Bitcoin and gold to ensure asset value. Tether's CEO, Paolo Ardoino, emphasized that this investment aligns with the company's overall strategy to support infrastructure, technology, and businesses that promote freedom and economic resilience.
AGRO Shares Surge After Announcement
Immediately after Tether announced this information, AGRO's stock price surged over 7% to $11.95 in pre-market trading. This indicates investor confidence in Adecoagro's development with the backing of a large financial group like Tether.
Not Just Agriculture – Tether is Moving into Entertainment
Not stopping at agriculture, Tether is also expanding its influence into the entertainment industry. The company has just acquired a 30.4% stake in Be Water, a media company in Italy, for 10 million euros (equivalent to 10.8 million USD).
This deal comes right after Tether announced its investment in the Juventus football club – one of the top teams in Italy. This move shows that Tether is diversifying its investment portfolio, expanding from stablecoins to real economic sectors such as agriculture and media.
Is Tether Changing Its Strategy?
Tether is well-known as the company behind the USDT stablecoin – the largest market cap digital currency. However, their recent investments in land, gold, Bitcoin, and even media companies indicate a clear strategic shift.
Instead of solely focusing on the crypto sector, Tether is aiming to build a diversified investment portfolio, minimizing risks and ensuring asset value maintenance. This could help the company solidify its position in the context of an increasingly scrutinized crypto market.
In Summary
Tether has increased its stake in the agricultural company Adecoagro to 70% at a price of $12.41 per share.
AGRO shares rose more than 7% after this announcement.
Adecoagro owns over 210,400 hectares of land in Latin America and focuses on sugar, ethanol, and dairy production.
Tether sees this as a strategic investment to diversify assets, alongside $BTC and gold.
The company is also investing in the entertainment sector, purchasing a 30.4% stake in Be Water for 10 million euros.
This move shows that Tether is expanding its influence beyond the crypto sector.
Will this new investment strategy help Tether solidify its position and avoid risks from increasingly stringent regulations in the crypto market? This is a major question that investors are closely monitoring.