Stablecoin, the strategic company, has announced a strategic investment at Juventus Football Club, which has expanded its wallets until after the coded currency and precious metals.
The acquisition of a minority stake in the Torino Series Club, which was established more than a century ago, was in advertisement Tether stated that the investment is in line with its goal of integrating Stablecoins and other digital assets into daily applications, although not detecting specific financial details.
Stablecoin Giant indicated that this investment represents the start of a broader strategy to invest in global sporting privileges. It aims to take advantage of these partnerships to enhance the adoption of digital assets and payment techniques for a broader audience.
Tether’s investment in Juventus comes significantly after a highly profitable year for Stablecoin. The company reported $ 13 billion in 2024, backed by standard property of $ 113 billion in low -risk US Treasury bonds. The company’s income comes from the leading stablecoin USDT reserves, which are more than $ 140 billion of distinctive symbols.
Juventus, according to ForbesIt is currently classified as the eleventh feet concession in the world, at a value of $ 2.05 billion. As of May 2024, the team’s annual revenues amounted to $ 459 million. Investing is part of the Tether plan to invest more than a billion dollars this year.
Crypto fan symbols on Tether investment
The partnership between Tether and Joventus is part of a wider trend to increase cooperation between cryptocurrencies and sports institutions. These partnerships are largely driven by the desire of the encryption industry to enhance the prevailing recognition of digital assets, while investing billions of dollars in such projects.
The investment appears to have been explained as a sign among the cryptocurrency traders, as the prices of different fans began to jump after the announcement. The distinctive symbols of the main sports clubs, including SS Lazio, Paris Saint-Lgemain, FC Porto and Galatasaray, have increased between 6 % and 11 % at the time of this report.
The JUVENTS juvens code increased by more than 110 % on the advertisement, while the shares of the football club increased by approximately 1.6 %.
