Tether increased its investment to 10.12% in Juventus Football Club.
Tether, Bitfinex, SoftBank, and Jack Mallers form the first publicly traded native Bitcoin business, Twenty-One, through Cantor Equity Partners.
Tether's network is growing at the fastest rate since September 16, indicating momentum.
Tether acquired shares in Juventus Football Club on Thursday, increasing its total stake to 10.12% and 6.18% voting rights.
Tether bought nearly 10% of Juventus FC.
On Thursday, the issuer of the USDT stablecoin, Tether, stated that it had purchased more shares of Juventus Football Club on April 15. It owns more than 10.12% of the outstanding share capital, or 6.18% of the voting rights.
Before this strategic move, Tether had acquired 8.2% of the outstanding share capital of the Club, or 5% of its voting rights. This will allow Tether to spend more on the powerful football team from Turin.
In its press release, Tether states that the investment demonstrates its long-term commitment to Juventus and its belief in the underlying value and growth potential of the Club.
"We are proud to become a significant shareholder of Juventus, a club with a history, brand, and fan base that is unmatched," said Tether CEO Paolo Ardoino. "This investment is not just financial—it means innovation and long-term collaboration.
History says that the Cantor Fitzgerald consortium is preparing to launch 21 Capital, a multi-billion dollar Bitcoin investment firm, to emulate the success of MicroStrategy.
Tether will provide $1.5 billion in Bitcoin, SoftBank $900 million, and Bitfinex $600 million. Shared ownership and leadership link Bitfinex with Tether.
Financial Times reports that SoftBank, Tether, and Bitfinex will convert their bitcoin investments into shares of 21 Capital at $10 per share and will value the digital currency at $85,000 per coin.
USDT on-chain metrics show a steady expansion of the network, reaching 47,609 on Wednesday, the highest number since September 16, showing traction.