Tether Boosts Stake in $1.12B Agricultural Firm Adecoagro to 70%
Portfolio Pulse from
Tether has increased its stake in Latin American agricultural firm Adecoagro from 51% to 70% through a $12.41 per share offer. The investment is part of Tether's strategy to diversify into tangible assets like land, complementing its existing bitcoin and gold holdings. The move follows recent investments in the entertainment sector, including a stake in Italian media company Be Water.
March 27, 2025 | 1:30 pm
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Adecoagro's stock price jumped over 7% in pre-market trading after Tether announced it would increase its ownership from 51% to 70% at $12.41 per share.
Tether's significant stake increase and positive market reaction suggest potential short-term stock price appreciation for Adecoagro.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100