EddieJayonCrypto
2 Jun 25
Tether CEO Paolo Ardoino revealed that despite increasing its stake in Juventus Football Club to over 10%, Tether is excluded from participating in the club’s latest capital raise of €15-110 million. Juventus has not allowed Tether to contribute additional funds, limiting its involvement to Ardoino'...
Tether has increased its stake in Juventus Football Club to over 10%, yet it has been excluded from participating in the club’s recent capital raise of €15-110 million. Despite willingness and financial capacity, Tether is unable to contribute additional funds as Juventus has not permitted its involvement in the funding round. Tether CEO Paolo Ardoino shared that the company's support is currently limited to his personal ticket purchases since formal approval is absent.
Juventus, aiming to strengthen its position after finishing fourth in the 2024/25 Serie A season, has appointed Damien Gomolli as General Manager to focus on commercial and marketing initiatives. Tether initially acquired an 8.2% stake in February 2025, increasing it to 10.12% by April, representing 6.18% of the club’s voting rights.
In parallel, Tether’s stablecoin USDT continues impressive growth, gaining over $5 billion in market capitalization in the past month and reaching a total market cap exceeding $153 billion. This outpaces its major competitor, Circle’s USDC, which stands at $60.9 billion. The surge in USDT’s value is supported by Bitcoin’s recent all-time high in May and new regulatory developments in the US and Hong Kong, reflecting strong market momentum for Tether’s digital assets.