Tether is now the second largest Juventus shareholder

The USDT stablecoin company company, Tether, has consolidated its position as a key actor in the Juventus shareholding, one of the most recognized football clubs in Italy and the world.

With more than 10% of the club’s actions in its possession, Tether has become the second largest shareholder, Only behind Exor NV, the Agnelli family investment company, which has controlled the club for more than a century.

The Tether road in Juventus began on February 14, when the company, led by Paolo Ardoino, acquired 8.2% of the actions issued.

Subsequently, on April 24, the company increased its participation to 10.12% of the share capital, equivalent to 6.18% of voting rights. This movement reflects Tether’s interest in expanding his influence on club decisions.

However, Ardoino expressed at the beginning of June that, despite Tether’s enthusiasm for contributing to the growth of the team, Exor NV It has not allowed its participation in the recent capital expansion announced in April.

In response to the concerns of fans, who have expressed frustrations for the current performance of Juventus, the businessman said: «We simply cannot contribute unless society allows us. It is really a shame to put aside willing members who could invest significantly to help Juventus be great.

In addition, he added with a touch of irony that he hopes that at least the money from his tribune entry can support the expenses of the club.

Despite the limitations, Tether maintains his commitment to be part of the future of Juventusalthough its ability to influence strategic decisions, such as the purchase of new players, continues to depend on the opening of Exor NV.

As it has shown, the company aims to diversify its portfolio in different sectors and for this it also acquired an important part of a company that receives percentages of the production of a gold mine, as reported by cryptootics. Tether bought 31.9% of the shares of the Canadian elementary company Altus royalties corp.