Since July, Tether has quietly invested $102 million in Adecoagro, a South American agricultural giant listed on the Nasdaq that owns 9.8% of the company's shares.
Adecoagro, Argentina's primary rice and milk producer, also cultivates sugar cane in Brazil and other crops in Uruguay and Argentina.
A Tie representative said the interest in land, an intrinsically scant "urgent resource class" that gives long haul yield, supplements the organization's earlier interests in gold and Bitcoin.
The most recent business that caught the attention and capital of Tether USDT +0.0033%, the issuer of the largest stablecoin in the world and the most valuable cryptocurrency company, has been made public.
According to filings, the investment division of Tether made purchases of shares in the agricultural powerhouse Adecoagro SA, which is based in South America and trades on the Nasdaq stock exchange under the symbol AGRO, for approximately $102 million between July 29 and August 16. The offers address 9.8% of Adecoagro's absolute remarkable offers, making Tie the organization's third-biggest investor.
Adecoagro is Argentina's biggest maker of milk and rice, as per nearby news site Ámbito. The business, which has a market capitalization of just under $1.2 billion, also grows soybeans and corn in Argentina and Uruguay, processes sugar cane, and produces renewable energy in Brazil.
A spokesperson for Tether provided the following response when contacted for comment: "The move is one step in the company's endeavor to spend its profits on diverse investment opportunities." Tether sees land as a crucial asset class to add to its Bitcoin and gold investments. Tether stated, "Land is intrinsically scarce, provides long-term yield, and has historically served as a haven during times of geopolitical instability."
Tie, in April, reported plans to revamp the organization into four divisions: Tether Finance is in charge of managing the USDT stablecoin; Tether Data is in charge of managing its investments in bitcoin mining; Tether Data is in charge of overseeing strategic investments in technology companies; and Tether Edu is in charge of leading educational initiatives. It isn't quickly clear what division managed the Adecoagro venture.
According to Tether's statement, "We believe that investing in land, agriculture, and related ventures is essential to our journey toward creating value for humanity through sustainable development"
Tie reported in August, following its record-breaking $5.2 billion in benefit over the primary portion of 2024, that it would twofold its labor force by 2025, "...with a significant spotlight on upgrading our turn of events, venture and consistence groups," Chief Paolo Ardoino said. The organization has likewise as of late put resources into Taiwan-settled trade XREX and Nasdaq-recorded bitcoin digger Bitdeer.
Adecoagro, Argentina's primary rice and milk producer, also cultivates sugar cane in Brazil and other crops in Uruguay and Argentina.
A Tie representative said the interest in land, an intrinsically scant "urgent resource class" that gives long haul yield, supplements the organization's earlier interests in gold and Bitcoin.
The most recent business that caught the attention and capital of Tether USDT +0.0033%, the issuer of the largest stablecoin in the world and the most valuable cryptocurrency company, has been made public.
According to filings, the investment division of Tether made purchases of shares in the agricultural powerhouse Adecoagro SA, which is based in South America and trades on the Nasdaq stock exchange under the symbol AGRO, for approximately $102 million between July 29 and August 16. The offers address 9.8% of Adecoagro's absolute remarkable offers, making Tie the organization's third-biggest investor.
Adecoagro is Argentina's biggest maker of milk and rice, as per nearby news site Ámbito. The business, which has a market capitalization of just under $1.2 billion, also grows soybeans and corn in Argentina and Uruguay, processes sugar cane, and produces renewable energy in Brazil.
A spokesperson for Tether provided the following response when contacted for comment: "The move is one step in the company's endeavor to spend its profits on diverse investment opportunities." Tether sees land as a crucial asset class to add to its Bitcoin and gold investments. Tether stated, "Land is intrinsically scarce, provides long-term yield, and has historically served as a haven during times of geopolitical instability."
Tie, in April, reported plans to revamp the organization into four divisions: Tether Finance is in charge of managing the USDT stablecoin; Tether Data is in charge of managing its investments in bitcoin mining; Tether Data is in charge of overseeing strategic investments in technology companies; and Tether Edu is in charge of leading educational initiatives. It isn't quickly clear what division managed the Adecoagro venture.
According to Tether's statement, "We believe that investing in land, agriculture, and related ventures is essential to our journey toward creating value for humanity through sustainable development"
Tie reported in August, following its record-breaking $5.2 billion in benefit over the primary portion of 2024, that it would twofold its labor force by 2025, "...with a significant spotlight on upgrading our turn of events, venture and consistence groups," Chief Paolo Ardoino said. The organization has likewise as of late put resources into Taiwan-settled trade XREX and Nasdaq-recorded bitcoin digger Bitdeer.
