Agricultural and Media Companies Tether Invests in Entrepreneurship Through Tether.

Tether‘s purchase spree has only grown stronger since the organization reported record profits earlier this year, with the company making investments in two companies related to the crypto industry on Thursday. &nbsp,

In an SEC filing released on Thursday, the El Salvador-based company increased its stake in the sector to 70 %, increasing its ownership of the company’s 49, 596, and 510 shares of the agricultural firm Adecoagro, which is focused on Latin America. &nbsp,

Our investment complements Tether’s wider plan to support infrastructure, technology, and companies that promote financial freedom and endurance, particularly in the most pressing circumstances, according to Tether CEO Paolo Ardoino in a statement. &nbsp,

Adecoagro is a green farming enterprise with operations in Argentina, Brazil, and Argentina.

Ardoino also announced on X that his business would be investing in the Italian media firm Get Water. Wire will acquire a 30.4 % stake in the business by completing a €10 million investment boost and equity acquisition by the end of March. &nbsp,

Tether’s expense in BeWater ensures that the group may continue to remain strong, visionary, and particularly independent, Paolo wrote in the X post.” Most media companies are bullied into kneeling to sponsored narratives just to succeed,” Paolo said. &nbsp,

The private company recently announced its most recent expenditures, a few months after it announced record-breaking 2024 income. According to an assurance view for the third quarter of 2024 released by international finance company BDO, Tether reported in January that its quarterly net profits reached a new all-time deep of more than$ 13 billion next year. Additionally, the stablecoin issuer reported$ 7 billion in extra funding.

Tether has used its money over the past few months to raise its stake in the Bitdeer cryptocurrency exchange, as well as to improve its control of businesses like Juventus and the video game Rumble. &nbsp,

Additionally, it invested$ 19 million in XREX Group, a business that even receives funding from the Taiwanese Government National Development Fund. With a business cap of$ 144 billion, USDT, the third-largest bitcoin and the largest cryptocurrency, is ranked third in the world, according to CoinGecko information.