Cryptocurrency firm Tether raises Juventus stake to over 10%
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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)
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