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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
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Tether has increased its stake in Juventus: They want a seat in the management.
The company behind the largest stablecoin USDT, Tether, aims to bring the stablecoin world to the board of the Italian giant. According to a report by American media Bloomberg, Tether, which acquired a 5% stake in Juventus in February, has increased this share to over 10% as of April.
While the value of Tether's shares has reached approximately 128 million euros, it has been stated that the company wants to take a more active role in the club's decision-making process. It was written that Tether has also requested a seat on Juventus's board of directors and wishes to be involved in future investment and fundraising steps.
CEO Paolo Ardoino expressed that they see this investment as "not financial, but as innovation and long-term collaboration" and said, "We also want to increase the club's brand awareness with our network of 4 billion users."
Recent claims have suggested that Juventus needs a capital of 900 million euros.
As is known, the club has a fan token called JUV token. Especially in 2021, fan tokens, which attracted great interest, were almost forgotten with the decline of the markets.
The presence of Italian, Spanish, and Turkish teams in fan tokens is much greater compared to other countries...
Published: June 25, 2025 12:31Last Updated: June 25, 2025 12:45