Tether Holdings SA de CV said it’s acquired a minority stake in Juventus Football Club SpA, as one of crypto’s most valuable companies continues to diversify its investment portfolio.
Tether, which issues the $142 billion stablecoin USDT, didn’t disclose the size or value of its holding in Turin-based Juventus in an announcement on Friday. Juventus didn’t immediately respond to a request for comment.
The El Salvador-headquartered company has ramped up its dealmaking significantly in recent years as its profits swelled, powered by rising interest rates on the US government bonds it manages. Tether said in January it has more ...