Cryptocurrency firm Tether raises Juventus stake to over 10%
Tweet
Share
E-mail
Soccer Football - Europa League - Quarter Final - First Leg - Juventus v Sporting CP - Allianz Stadium, Turin, Italy - April 13, 2023 General view of the corner flag before the match REUTERS/Massimo Pinca
ROME (Reuters) -Cryptocurrency firm Tether said on Thursday it had further raised its stake in Italian Serie A soccer club Juventus to over 10%.
The world's fourth-largest cryptocurrency company first invested in February in Italy's most popular soccer club, which is controlled by the Agnelli family through their investment company Exor.
The new shareholding represents 6.18% of voting rights in the club, the statement said.
"The investment reflects Tether's long-term commitment to Juventus' future and its confidence in the club's intrinsic value and growth potential," it added.
(Reporting by Giulia Segreti, editing by Gavin Jones)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Indonesia central bank says it is monitoring banking liquidity
- Wall St futures fall as chip selloff gathers pace; Netflix tumbles
- Alphabet, Intel results in focus for AI trade as US earnings rev up
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
