Share this article
Tether Boosts Stake in $1.12B Agricultural Firm Adecoagro to 70%
AGRO shares jumped over 7% to $11.95 in pre-market trading following the announcement
Updated Mar 27, 2025, 1:54 p.m. Published Mar 27, 2025, 1:07 p.m.
What to know:
- Tether, issuer of $144 billion dollar stablecoin USDT, has boosted its stake in Latin American agricultural firm Adecoagro.
- The $12.41 per share offer, which is subject to certain closing conditions, would take Tether's stake in Adecoagro from 51% to 70%
- Tether is also increasing its exposure to the entertainment industry, acquiring a 30.4% stake in Italian media company Be Water for 10 million euros
Tether, issuer of $144 billion dollar stablecoin USDT, has boosted its stake in Latin American agricultural firm Adecoagro (AGRO).
The $12.41 per share offer, which is subject to certain closing conditions, would take Tether's stake in Adecoagro from 51% to 70%, according to an announcement on Thursday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
AGRO shares jumped over 7% to $11.95 in pre-market trading following the announcement.
Adecoagro's business is focused on sugar, ethanol, dairy and crop production Argentina, Brazil, and Uruguay. It owns 210,400 hectares of farmland and several industrial facilities across these countries.
The company has a market cap of just under $1.12 billion.
Tether views its Adecoagro's investment as one in the safe haven of land that complements its holdings in bitcoin and gold.
"Our investment aligns with Tether's broader strategy to back infrastructure, technology, and businesses that advance economic freedom and resilience," Tether CEO Paolo Ardoino said in Thursday's announcement.
Tether is also increasing its exposure to the entertainment industry, acquiring a 30.4% stake in Italian media company Be Water for 10 million euros ($10.8 million).
This investment follows Tether's announcement last month of taking a minority stake in Ardoino's favorite team Juventus FC, arguably the largest soccer club in Italy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto Firm Tether Says It Wants to Take Over Italian Football Club Juventus
The issuer behind the most popular stablecoin said that if the bid succeeds, it prepares to invest $1 billion in the football club.
What to know:
- Tether said it aims to take over popular Italian football club Juventus FC.
- The firm proposed to acquire Exor's 65.4% stake in an all-cash offer, and intends to make a public offer for the rest of the shares.
- Tether reported net profits exceeding $10 billion this year, while its flagship token USDT is the world's dominant stablecoin with a $186 billion market capitalization.
Top Stories
