Cryptocurrency firm Tether raises Juventus stake to over 10%

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Cryptocurrency firm Tether said on Thursday it had further raised its stake in Italian Serie A soccer club Juventus to over 10%.

The world’s fourth-largest cryptocurrency company first invested in February in Italy‘s most popular soccer club, which is controlled by the Agnelli family through their investment company Exor.

The new shareholding represents 6.18% of voting rights in the club, the statement said.

“The investment reflects Tether’s long-term commitment to Juventus’ future and its confidence in the club’s intrinsic value and growth…



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Cryptocurrency firm Tether raises Juventus stake to over 10%


Cryptocurrency firm Tether said on Thursday it had further raised its stake in Italian Serie A soccer club Juventus to over 10%.

The world’s fourth-largest cryptocurrency company first invested in February in Italy‘s most popular soccer club, which is controlled by the Agnelli family through their investment company Exor.

The new shareholding represents 6.18% of voting rights in the club, the statement said.

“The investment reflects Tether’s long-term commitment to Juventus’ future and its confidence in the club’s intrinsic value and growth…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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