Tether Boosts Adecoagro Stake to 70% for $12.41 per Share

Tether, the issuer of the USDT stablecoin, has increased its stake in Adecoagro, a Latin American agricultural firm. The company made an offer of $12.41 per share, which, upon meeting certain closing conditions, will raise Tether's stake in Adecoagro from 51% to 70%.

Adecoagro is a significant player in the agricultural sector, with a focus on sugar, ethanol, dairy, and crop production. The company operates across Argentina, Brazil, and Uruguay, owning 210,400 hectares of farmland and several industrial facilities. Adecoagro has a market capitalization of approximately $1.12 billion.

Tether views its investment in Adecoagro as a strategic move to diversify its portfolio, complementing its holdings in bitcoin and gold. The company sees land as a safe haven asset, aligning with its broader strategy to back infrastructure, technology, and businesses that advance economic freedom and resilience. Tether CEO Paolo Ardoino emphasized this strategy in the announcement, stating that the investment is part of Tether's efforts to support economic resilience and freedom.

In addition to its agricultural investments, Tether is also expanding its presence in the entertainment industry. The company has acquired a 30.4% stake in Be Water, an Italian media company, for 10 million euros ($10.8 million). This investment follows Tether's recent acquisition of a minority stake in Juventus FC, one of Italy's largest soccer clubs. These moves indicate Tether's interest in diversifying its portfolio beyond cryptocurrencies and into other sectors that offer growth potential.