Tether Increases Investment in Adecoagro

Tether, the issuer of the $144 billion stablecoin USDT, has raised its stake in Latin American agricultural firm Adecoagro (AGRO).

The proposed offer of $12.41 per share, pending certain closing conditions, will increase Tether’s ownership in Adecoagro from 51% to 70%, as announced on Thursday.

Following this announcement, AGRO shares surged over 7% to $11.95 in pre-market trading.

About Adecoagro

Adecoagro focuses on sugar, ethanol, dairy, and crop production in Argentina, Brazil, and Uruguay. The company manages 210,400 hectares of farmland along with several industrial facilities in these countries. Its market capitalization is just under $1.12 billion.

Tether perceives its investment in Adecoagro as a safe haven in land, complementing its holdings in bitcoin (BTC) and gold. Tether CEO Paolo Ardoino emphasized, “Our investment aligns with Tether’s broader strategy to back infrastructure, technology, and businesses that advance economic freedom and resilience.”

Tether is also expanding its footprint in the entertainment industry, acquiring a 30.4% stake in the Italian media company Be Water for €10 million ($10.8 million). This follows Tether’s previous announcement regarding a minority stake in Juventus FC, Italy’s largest soccer club.