Tether, the company behind the world’s largest stablecoin, has made a bid to buy Italian soccer club Juventus FC, marking a significant move into traditional sports financing for a cryptocurrency company.
Tether’s $1.1 billion all-cash bid to acquire Juventus Football Club was rejected, but the move highlights growing interest in traditional sports from cryptocurrency companies.
Tether, the stablecoin firm, is bidding to acquire Juventus soccer club, following its previous minority share acquisition, in a move that could revolutionize sports financing and cryptocurrency adoption.
Tether reportedly makes a €1 billion bid to acquire Juventus Football Club, marking a potential landmark crypto-sports deal.
Tether proposes to acquire Juventus, aiming to revive the club’s former glory through deep investment, marking a significant intersection of cryptocurrency and traditional sports.