Tether Increases Ownership in $1.12B Agricultural Firm Adecoagro to 70%

Adecoagro (AGRO) shares surge over 7% to $11.95 in pre-market trading after Tether's stake increase.

Key Points:

• Tether, the issuer of the $144 billion USDT stablecoin, has increased its ownership in Latin American agricultural firm Adecoagro.

• The company has offered $12.41 per share, pending certain closing conditions, to raise its stake from 51% to 70%.

• Tether is also expanding into the entertainment sector, acquiring a 30.4% stake in Italian media company Be Water for €10 million.

Tether, the issuer of the $144 billion USDT stablecoin, has increased its ownership in Latin American agricultural company Adecoagro (AGRO).

In a Thursday announcement, the company revealed a $12.41 per share offer—pending certain closing conditions—that would raise its stake in Adecoagro from 51% to 70%.

AGRO shares surged over 7% to $11.95 in pre-market trading after the announcement.

Adecoagro specializes in sugar, ethanol, dairy, and crop production across Argentina, Brazil, and Uruguay. The company operates 210,400 hectares of farmland and multiple industrial facilities throughout these regions, with a market capitalization just under $1.12 billion.

Tether considers its investment in Adecoagro a strategic move into the safe haven of land, complementing its existing holdings in bitcoin (BTC) and gold.

“Our investment aligns with Tether’s broader strategy to support infrastructure, technology, and businesses that promote economic freedom and resilience,” said Tether CEO Paolo Ardoino in Thursday’s announcement.

Tether is also expanding into the entertainment sector, acquiring a 30.4% stake in Italian media company Be Water for 10 million euros ($10.8 million).

This move follows Tether’s recent investment in Juventus FC, Italy’s most prominent soccer club, where it took a minority stake last month.