Token

Juventus Fan Token

Gains

<p>Tether has announced plans to acquire Italian football club Juventus. The top-tier stablecoin issuer announced on Friday that it has submitted a proposal to Exor to acquire its entire stake in Juventus, which represents 65.4%.</p>
<h2 class="wp-block-heading" id="h-tether-plans-to-invest-1b-in-juventus">Tether Plans to Invest €1B in Juventus</h2>
<p>According to the announcement, Tether is seeking to make a public offer for the remaining shares at the same price in a bid to acquire Juventus wholly. The company announced that the deal is awaiting regulatory approval in order to proceed with its takeover.</p>
<p>Moreover, the <a href="https://coinpedia.org/crypto-live-news/tether-targets-a-500b-valuation-with-major-share-sale-plan/" target="_blank" rel="noopener noreferrer nofollow">stablecoin issuer </a>plans to inject €1 billion to support the development plans for the club.</p>
<p>“For me, Juventus has always been part of my life,” <a href="https://tether.io/news/tether-submits-proposal-to-acquire-juventus-football-club/" target="_blank" rel="noopener noreferrer nofollow">said</a> Paolo Ardoino, CEO of Tether. “I grew up with this team. As a boy, I learned what commitment, resilience, and responsibility meant by watching Juventus face success and adversity with dignity. Those lessons stayed with me long after the final whistle.”</p>
<h2 class="wp-block-heading" id="h-juv-token-surges-over-21">JUV Token Surges Over 21%</h2>
<p>Following the announcement, the Juventus Fan Token (JUV) price surged over 21% in the past 24 hours to trade at about $0.79 at press time. The small-cap altcoin, with a fully diluted valuation of about $15 million, recorded a 400% surge in its daily average traded volume to hover about $22 million at press time.</p>
<p>If the deal goes through, the JUV token –&nbsp; which is already listed on major crypto exchanges led by Binance, and Bybit – will gain more market exposure. Moreover, the altcoin market is on the cusp of a major parabolic rally fueled by regulatory clarity and the mainstream adoption of crypto assets by institutional investors.</p>

Tether Announces Plans to Acquire Juventus and Inject €1B; JUV Token Gains 20%

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