Juventus FC stock down 30% since Tether investment
Tether invested in Juventus, Italy’s most successful football club, in February, 2025, taking an 8.2% stake. Since then, the buying has continued, with the stablecoin giant now holding over 11% of total Juventus shares and 7% of voting rights. Since Tether’s original investment, however, Juventus’s stock is down over 30%. Tether pushed for total ownership of “The Old Lady” after acquiring its initial shares, but majority owner Exor unanimously refused to sell. Despite this, the world’s largest stablecoin has gotten something in return for its substantial purchase. Tether Investments: What a $100B stablecoin empire does with its profits Read more: What the Tether audit means for the crypto industry Director Garino enters the picture While it may appear as though Tether invested heavily in Juventus without any reward, the reality is far more bizarre. In return for its over 11% stake in the club, Tether was able to get one of...