Bitcoin

mirror

BlackRock

<ul>
 <li>Tether invested $100M in Adecoagro, acquiring a 9.8% stake in the Latin American agriculture firm.&nbsp;&nbsp;</li>  
 <li>Tether's move into Adecoagro aligns with its diversification strategy, expanding beyond the crypto sector.&nbsp;&nbsp;</li>  
 <li>Tether funds its Adecoagro investment from operational cash, following earlier investments in innovative industries like BlackRock Neurotech.</li> 
</ul>  
<p>Tether Holdings Ltd has entered the agricultural sector with a substantial investment in Adecoagro according to a <a href="https://www.sec.gov/Archives/edgar/data/1499505/000110465924090580/tm2421820d1_sc13d.htm" target="_blank" rel="noopener noreferrer nofollow">filing</a> with the SEC. The blockchain technology company, known for its USDT stablecoin, acquired a 9.8% stake in the Latin American agro-business. This $100 million investment diversifies Tether’s portfolio, reflecting a shift beyond its traditional cryptocurrency focus.</p>  
<h2 class="wp-block-heading" id="h-tether-s-investment-in-adecoagro"><strong>Tether’s Investment in Adecoagro</strong></h2>  
<p>Adecoagro operates in Brazil, Argentina, and Uruguay, with a focus on dairy production and agriculture. Tether now owns 10,048,249 common shares in the company.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/WuBlockchain/status/1832739624537784458
 </div>
</figure>  
<p>This investment aligns with Tether’s strategy of targeting industries that contribute to human development. Adecoagro's operations mirror this vision through its focus on sustainable agricultural practices.</p>  
<h2 class="wp-block-heading" id="h-diversification-strategy"><strong>Diversification Strategy</strong></h2>  
<p>This move into agriculture marks a significant shift for Tether. The company has previously centered its investments around the cryptocurrency ecosystem. However, Tether’s recent investments suggest a broader strategy under CEO Paolo Ardoino’s leadership. The funds for the <a href="https://www.adecoagro.com/en" target="_blank" rel="noopener noreferrer nofollow">Adecoagro</a> deal came from Tether’s operating cash reserves, underscoring the company’s financial strength.</p>  
<h2 class="wp-block-heading" id="h-previous-investments-by-tether"><strong>Previous Investments by Tether</strong></h2>  
<p>In April, <a href="https://cryptonewsland.com/revolutionizing-neurotech-tether-invests-200-million-in-blackrock/" target="_blank" rel="noopener noreferrer nofollow">Tether invested $200 million</a> in BlackRock Neurotech, a startup working on brain-computer interface technologies. This marked a major shift towards innovative industries. Besides that, Tether remains one of the largest holders of US Treasury Bills, using them to back its USDT reserves. The Treasury Bills help legitimize Tether’s reserve position and reinforce its market presence.</p>  
<h2 class="wp-block-heading" id="h-tether-s-push-into-bitcoin-mining"><strong>Tether's Push into Bitcoin Mining</strong></h2>  
<p>Tether is also making strides in Bitcoin mining. The company has <a href="https://cryptonewsland.com/tether-to-start-mining-bitcoin-in-uruguay/" target="_blank" rel="noopener noreferrer nofollow">operations in El Salvador and Paraguay</a> and plans further global expansion. These efforts aim to strengthen Bitcoin’s network resilience while expanding Tether’s footprint in the blockchain ecosystem.</p>  
<p>Tether’s investment in Adecoagro shows its evolving strategy and focus on impactful industries. With ventures in agriculture, Bitcoin mining, and innovative technologies, the company continues to expand its market reach beyond stablecoins.</p> 
<p>The post <a href="https://cryptonewsland.com/tethers-100m-stake-in-adecoagro-marks/" rel="noopener noreferrer nofollow">Tether’s $100M Stake in Adecoagro Marks Major Expansion Beyond Crypto</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Tether’s $100M Stake in Adecoagro Marks Major Expansion Beyond Crypto

Table of Contents

Crypto News Land

Other articles published on Sep 9, 2024

MakerDAO Rebrands as 'Sky' and Introduces New Stablecoin USDS

50 Basis Points Cut By The Fed, An Imminent Danger For Bitcoin?

VanEck Exec Refutes Claims on US Election’s Impact on Bitcoin Price

Bitcoin’s Bullish Consolidation Sparks Hope for Cardano Rally

QNT Coin Analysis Shows 12% Price Surge with Rising Open Interest

Ethereum Network Thrives Despite ETH Price Stagnation

Join our free newsletter for daily crypto updates!