Tether Acquires 70% Stake in Adecoagro for $620 Million

Tether Investments S.A. de C.V. has successfully acquired a 70% controlling stake in Adecoagro S.A., a leading sustainable production company in South America. This acquisition, valued at $620 million, marks a significant expansion for Tether beyond its traditional focus on digital finance. The move signals Tether's strategic shift towards sustainable infrastructure, particularly in the agriculture and renewable energy sectors.

The acquisition of Adecoagro aligns with Tether's broader vision to revolutionize various industries through technology. Adecoagro, known for its sustainable practices in agriculture and bioenergy, will benefit from Tether's technological expertise and financial resources. This partnership is expected to enhance Adecoagro's operational efficiency and sustainability initiatives, while also providing Tether with a foothold in the real-world infrastructure sector.

Tether’s engagement with Adecoagro began in September 2024 with a $100 million investment for a 9.8% stake, signaling its intent to support and scale sustainable real-world asset (RWA) production. The move was part of Tether’s growing focus on leveraging its capital and technological expertise to invest in businesses that support economic freedom and long-term resilience in emerging markets.

Following the acquisition, significant changes have been made to Adecoagro’s Board of Directors to reflect the company’s new ownership structure and strategic direction. Five outgoing board members—Mrs. Ana Cristina Russo, Mr. Guillaume van der Linden, Mr. Alan Leland Boyce, Mr. Andres Velasco Brañes, and Mr. Plinio Musetti—have stepped down. They are succeeded by new Executive Chairman Mr. Juan Sartori, Mr. Christian De Prati, Mr. Andres Larriera, Mr. Kyril Robert Leonid Louis-Dreyfus, and Mr. Oscar Alejandro León Bentancor, who join continuing members Mrs. Manuela Vaz Artigas, Mr. Ivo Andrés Sarjanovic, Mr. Daniel González, and Mr. Mariano Bosch.

Paolo Ardoino, CEO of Tether, commented: “Our acquisition of Adecoagro reflects Tether’s commitment to advancing sustainable, real-world infrastructure in regions where investment has historically been limited. By aligning with Adecoagro’s proven expertise in agriculture and renewable energy, we are taking another concrete step toward bridging traditional industries with the future of decentralized finance and economic empowerment.”

Mariano Bosch, Co-Founder and CEO of Adecoagro, added: “Tether’s investment marks a turning point for Adecoagro. Their commitment to building sustainable infrastructure complements our mission and opens exciting new possibilities. I thank our departing Board members for their steadfast contributions and warmly welcome the incoming directors, whose experience will help propel us forward.”

Juan Sartori, newly appointed Chairman of the Board, noted: “This partnership with Tether brings a new era of opportunity for Adecoagro. We look forward to scaling the company’s impact in sustainable agriculture and energy, reinforcing capital discipline, and unlocking long-term value across South America.”

The Audit Committee will now include Mrs. Manuela Vaz Artigas, Mr. Ivo Andrés Sarjanovic, and Mr. Oscar Alejandro León Bentancor. The full Board will be confirmed at the General Shareholders’ Meeting on June 6, 2025.

This acquisition follows a series of moves by Tether to broaden its reach and reassert its role as a global technology leader, with prior initiatives in bitcoin mining, AI infrastructure, and peer-to-peer communications. By acquiring a majority stake in Adecoagro, Tether deepens its engagement in productive, long-term investments that deliver both economic and societal value.

Industry observers view this acquisition as a strategic move by Tether to bring blockchain utility to the agriculture and bioenergy sectors. By leveraging blockchain technology, Tether aims to enhance transparency, efficiency, and sustainability in these industries. This could potentially pave the way for innovative solutions that address some of the long-standing challenges in agriculture and renewable energy.

Tether's acquisition of Adecoagro is part of its broader strategy to expand its influence beyond digital assets. The company has been actively exploring new avenues for investment, particularly in sectors that align with its commitment to sustainability and technological innovation. This acquisition is a testament to Tether's ambition to become a key player in the sustainable infrastructure space, leveraging its technological prowess to drive positive change.

The acquisition of Adecoagro is expected to have a transformative impact on both companies. For Tether, it represents a significant diversification of its investment portfolio, moving beyond digital assets into tangible infrastructure. For Adecoagro, it provides access to advanced technology and financial resources that can accelerate its sustainability initiatives and operational efficiency. This partnership is poised to create a synergistic relationship that benefits both companies and contributes to the broader goal of sustainable development.