Tether said it asked to participate in the club's recent capital increase and be granted a board seat in May.
The exchange became the the team's "official cryptocurrency exchange" and "official sleeve partner."
Tether CEO Paolo Ardoino has disclosed that the company is being prevented from participating in Juventus Football Club’s latest capital increase. In a June 2 post on X, Ardoino addressed mounting inquiries from Juventus supporters who had hoped Tether would provide new capital to help the club sign players and regain its competitive edge. According […]
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Stablecoin issuer Tether has raised its stake in Juventus Football Club to 10.12% of issued shares, which gives it 6.18% of the club’s voting rights. Following the news, Juventus’s crypto fan token, JUV, jumped over 10% to a two-month high of $1.08, according to CryptoSlate’s data. Meanwhile, other fan tokens also benefited from the momentum. […]
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The stablecoin issuer first invested in the Italian football club back in February, and has now raised its stake in it.
JUV rose 200%, with tokens like LAZIO and PORTO also experiencing significant price jumps.
The stablecoin issuer's investment arm said it is acquiring a minority stake in the Italian club.