Tether It was revealed on Thursday that the company is investing in two companies unrelated to crypto, continuing its investment spree which intensified after the company posted record profits early this year.
SEC documents show that the El Salvadorian company has acquired 49,596,510 Adecoagro shares, increasing its shareholding in the firm to 70%. The following is a list of the most recent filings. Published Thursday
"Our investment aligns with Tether's broader strategy to back infrastructure, technology, and businesses that advance economic freedom and resilience, especially in regions where these values are most needed," The CEO of Tether, Paolo Ardoino, said this in a public statement.
Adecoagro has interests in Argentina Brazil and Argentina.
Ardoino, in a separate announcement on X announced that the company was also investing in Italian media firm Be Water. By the end of March, Tether will hold a 30.4% stake in the company via a €10 million capital increase and equity acquisition.
“While often Media companies are bullied into kneeling to sponsored narratives simply to survive, Tether's investment in BeWater ensures that the group will continue to remain solid, visionary and especially independent,” Paolo Writer The X is the post.
The private company's latest investments come a few months after it reported record-smashing profits for 2024. Tether You can also read about the importance of this in our article In January, BDO’s global accounting firm issued an assurance opinion stating that the company had achieved a record-breaking net profit of over $13 billion in 2018. This stablecoin provider also revealed $7 billion excess capital.
Tether used funds in recent months to raise its stakes in the Bitdeer is a bitcoin mining company.The company has also increased its ownership of video platforms and other companies. Rumble Juventus is the Italian football team.
It was also a record year for the number of people who died in the United States. Investing in the Future XREX Group invests $19 Million in XREX GroupA firm with support from Taiwan’s National Development Fund. According to CoinGecko, USDT has a global market cap of $144 Billion, making it the third largest cryptocurrency and stablecoin. The following are some of the most effective ways to increase your ROI:.
James Rubin is the editor
