Tether, the cryptocurrency firm behind the $140 billion USDT stablecoin, said on Friday it has invested in Italian football club Juventus FC. The firm's investment arm, Tether Investments, acquired a minority stake in the sports club,

USDT stablecoin operator Tether just announced that it acquired a majority stake in Italian soccer club Juventus.

Tether Holdings SA de CV said it’s acquired a minority stake in Juventus Football Club SpA, as one of crypto’s most valuable companies continues to diversify its investment portfolio.

Crypto currency firm Tether Investment said on Friday it had become a minority shareholder in Italian Serie A soccer club Juventus, without disclosing the size of its stake. In a statement published on its website,

By Giulio Piovaccari and Elvira Pollina MILAN (Reuters) -Shares in Italy's top-flight soccer club Juventus rallied on Friday, after cryptocurrency firm Tether said it had become a minority shareholder,

The announcement led to a 200% increase in JUV, with other tokens like LAZIO and PORTO also experiencing significant price jumps.