Main notes
- Tether has invested 10 million euros in the water media, gained a share and placed representatives of the Board of Directors.
- The company also increased its majority stake in ADCOAGRO to 70 %, which is now approved by the Council.
- Tether continued to diversify its investment portfolio with a large expansion step.
The world's largest source in the world, Tether (USDT), has announced a recent investment in Be Water, a growing Italian media company. Tension said that investment enhances its commitment to modern media innovation.
The rope is injected 10.7 billion dollars in water
As it was revealed in its announcement, Tether said it was injected 10 million euros of capital into the water. The investment will witness that Tether acquires a 30.4 % stake in Be Water by the end of the month.
Tether and Be Water will participate in promoting digital content distribution and integrating new technological solutions. This cooperation will help support international expansion at Be Water's Brands. The media company will also be allowed to take advantage of Blockchain and advanced digital tools to distribute high -quality independent and independent content in the world.
The investment will restore water ownership structure, with major shareholders now, including Tether CEOs. Guido Maria Brara, Barbara Salabè and Mario Calabres will work as a water management council. Clo -La Gorio (CO) will act as Tether and Sabrina Giovannetti (Be Water Finance Director) as members of the Board of Directors.
Water aims to redefine media consumption through a technology -based approach to producing content and stories. Under the leadership of Guido Maria Brara, Water is devoted to the production and distribution of sound, videos, movies and direct content.
After entering Tether, I made it clear that the water would be its plans for the future. The company said it will achieve
Run an investment plan to develop advanced digital infrastructure to produce and distribute content. This is in addition to creating new strategic partnerships with global talent in production films, television and documentary films.
Tether CEO expressed cooperation, saying: “We are excited to cooperate with Guido Maria Brara and the entire Beatr team to explore new borders in creating and distributing content, ensuring that high -quality, independent and entertainment content reaches the world's fans.”
New border break with adecoagro
Stablecoin Giant's investment in Be Water highlights the company's strategic commitment to supporting innovative projects outside the financial technology sector. It also confirms the strong financial situation of Tether.
Last year, Tether reported profits exceeding $ 13 billion, which strengthens its position as a global leader of transparency and financial liquidity.
The Mother Company USDT has diversified its portfolio by investing in various sectors. In February, Tether announced a strategic investment in Zengo Ltd. It is a multi -sequence core portfolio supported by a multilateral calculation (MPC).
Last year, the company announced an investment of $ 775 million on the Rumble video broadcasting platform and a strategic minority strategy at Juventus Football Club.
Tether has obtained classes in ADECOAGRO SA (NYSE: Agro), an agricultural industry company with most of its operations in South America. Tether initially suggested obtaining 51 % of its distinguished shared shares. In the latest updates, Stablecoin raised its stakes to 70 % in the company, making it the majority owner after the approval of the council.
These initiatives show the commitment of Tether to the progress of technological innovation through multiple industries.
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Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.