Cryptocurrency firm Tether raises Juventus stake to over 10%

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.