{"id":19368,"date":"2025-03-27T13:16:59","date_gmt":"2025-03-27T13:16:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19368"},"modified":"2025-03-27T13:16:59","modified_gmt":"2025-03-27T13:16:59","slug":"tether-boosts-stake-in-1-12b-agricultural-firm-adecoagro-to-70","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19368","title":{"rendered":"Tether Boosts Stake in $1.12B Agricultural Firm Adecoagro to 70%"},"content":{"rendered":"
\n

Tether, issuer of $144 billion dollar stablecoin USDT, has boosted its stake in Latin American agricultural firm Adecoagro (AGRO).<\/p>\n

The $12.41 per share offer, which is subject to certain closing conditions, would take Tether’s stake in Adecoagro from 51% to 70%, according to an announcement on Thursday<\/a>.<\/p>\n

AGRO shares jumped over 7% to $11.95 in pre-market trading<\/a> following the announcement.<\/p>\n

Adecoagro’s business is focused on sugar, ethanol, dairy and crop production Argentina, Brazil, and Uruguay. It owns 210,400 hectares of farmland and several industrial facilities across these countries. <\/p>\n

The company has a market cap of just under $1.12 billion. <\/p>\n

Tether views its Adecoagro’s investment as one in the safe haven of land<\/a> that complements its holdings in bitcoin (BTC) and gold. <\/p>\n

“Our investment aligns with Tether’s broader strategy to back infrastructure, technology, and businesses that advance economic freedom and resilience,” Tether CEO Paolo Ardoino said in Thursday’s announcement.<\/p>\n

Tether is also increasing its exposure to the entertainment industry, acquiring a 30.4% stake in Italian media company Be Water<\/a> for 10 million euros ($10.8 million). <\/p>\n

This investment follows Tether’s announcement last month of taking a minority stake<\/a> in Ardoino’s favorite team<\/a> Juventus FC, arguably the largest soccer club in Italy.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Tether, issuer of $144 billion dollar stablecoin USDT, has boosted its stake in Latin American agricultural firm Adecoagro (AGRO). The $12.41 per share offer, which is subject to certain closing conditions, would take Tether’s stake in Adecoagro from 51% to 70%, according to an announcement on Thursday. AGRO shares jumped over 7% to $11.95 in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19368","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19368"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19368\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}