Tether's Bold Move: Acquiring Majority Stake in South African Energy Giant

Tether, the issuer of the popular stablecoin USDT, has made headlines with its plans to acquire a significant stake in South African energy company Adecoagro S.A. This move is part of Tether's ongoing global investment strategy, following its recent partnership with Juventus.

According to a recent press release, Tether has made an unsolicited, non-binding proposal to buy 51% of the company's shares at $12.41 per share through a tender offer. Notably, Tether is already a shareholder of the company, holding approximately 19.4% of its outstanding Common Shares. If approved, this acquisition would increase Tether's stake to 51%, making it the leading shareholder in the agribusiness.

The Board of Directors of Adecoagro S.A. met on February 16, 2025, to review the terms of Tether's proposal. They have decided to bring in legal and financial advisors to help assess whether the offer is in the best interests of the company's shareholders.

Tether has been expanding its global footprint, obtaining a Digital Asset Service Provider (DASP) license in El Salvador and moving its headquarters to the country. Additionally, it recently formed a game-changing partnership with Italian football powerhouse Juventus, securing a minority stake in the club and opening the door to innovative integrations between its advanced technology and the world of sports.