Tether Pours Capital Into Media, Agriculture Companies Amid Investment Spree

Tether revealed Thursday it is investing in a pair of firms unrelated to the crypto industry, continuing an investment spree that has only intensified since the company reported record profits earlier this year. 

The El Salvador-based company snapped up 49,596,510 shares of Latin American-focused agricultural firm Adecoagro, growing its stake in the business to 70%, according to an SEC filing published Thursday. 

"Our investment aligns with Tether's broader strategy to back infrastructure, technology, and businesses that advance economic freedom and resilience, especially in regions where these values are most needed," Tether CEO Paolo Ardoino said in a statement. 

Adecoagro is a sustainable production company with interests in Argentina, Brazil and Argentina.

Separately, Ardoino announced on X that his company would also be investing in Italian media company Be Water. By the end of March, Tether will hold a 30.4% stake in the company via a €10 million capital increase and equity acquisition. 

“While often Media companies are bullied into kneeling to sponsored narratives simply to survive, Tether's investment in BeWater ensures that the group will continue to remain solid, visionary and especially independent,” Paolo wrote in the X post. 

The private company's latest investments come a few months after it reported record-smashing profits for 2024. Tether said in January that its yearly net profits hit a new all-time high of more than $13 billion last year, citing an assurance opinion for the fourth quarter of 2024 issued by global accounting firm BDO. The stablecoin issuer also reported $7 billion in excess capital.

Tether has used its funds over the past few months to increase its stake in the Bitcoin mining company Bitdeer, in addition to upping its control of companies such as the video platform Rumble and Italian football club Juventus. 

Last year, it also invested $19 million in XREX Group, a firm that also has backing from the Taiwanese Government National Development Fund. USDT is the third-largest cryptocurrency, and the largest stablecoin, in the world with a market capitalization of $144 billion, according to CoinGecko data.

Edited by James Rubin