Tether Blocked from Juventus Capital Raise Despite Increased Stake
Tether, holding a 10.12% share in Juventus and 6.18% voting rights, has been barred from participating in the clubās ā¬15Māā¬110M capital raise. CEO Paolo Ardoino expressed disappointment, despite Tetherās intent to invest.
Tether, holding a 10.12% share in Juventus and 6.18% voting rights, has been barred from participating in the clubās ā¬15Māā¬110M capital raise. CEO Paolo Ardoino expressed disappointment, despite Tetherās intent to invest. The move comes as USDTās market cap surged to $153B, outpacing USDCās $60.9B, amid strong crypto growth trends.
When the Juventus Football Club launched a new capital raise between ā¬15 million and ā¬110 million in April 2025, stablecoin giant Tether was notably excluded from participatingādespite having significantly increased its stake in the club. Tether CEO Paolo Ardoino revealed on June 2 that the company was not permitted to be part of the capital increase, even though it now owns 10.12% of Juventusā issued shares and holds 6.18% of its voting rights. Ardoino expressed frustration, noting that while Tether remains committed to Juventusā growth, they cannot invest further without formal approval from the club.
Tether began investing in Juventus in February 2025, initially acquiring an 8.2% stake. The exclusion comes as Juventus tries to recover from a fourth-place Serie A finish and has appointed Damien Gomolli as General Manager to lead commercial efforts.
Meanwhile, Tetherās flagship stablecoin, USDT, continues to surge. Over the past 30 days, USDT added over $5 billion in market capitalization, pushing its total market cap beyond $153 billion. This growth outpaces rival USDC, which sits at $60.9 billion. The increase reflects strong crypto market momentum, especially after Bitcoin hit an all-time high in May 2025, and growing regulatory clarity from the U.S. and Hong Kong.
0
0
0
0
0
0
Comments
Sign up or log in to your account to leave comments and reactions
0 Comments