Adecoagro (AGRO) Up Over 7% on Tether Investment Rise

Tether Increases Its Stake in $1.12 Billion Agricultural Firm Adecoagro to 70%

AGRO shares rose more than 7% to $11.95 in pre-market trading following the announcement

Jamie Crowley | Edited by Steven Alpher and Christian Sandor Updated March 27, 2025, 13:54 UTC Published March 27, 2025, 13:07 UTC

What you need to know:

• Tether, the issuer of the USDT stablecoin with a market cap of $144 billion, has increased its stake in Latin American agricultural company Adecoagro.
• The $12.41-per-share offer, which is subject to certain conditions, would increase Tether's stake in Adecoagro from 51% to 70%.
• Tether is also expanding its presence in the entertainment space, acquiring a 30.4% stake in Italian media company Be Water for €10 million.

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

The $12.41-per-share offer, which is subject to certain conditions, would increase Tether's stake in Adecoagro from 51% to 70%, according to information released Thursday.

By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy .

AGRO shares rose more than 7% to $11.95 in pre-market trading following the announcement.

Adecoagro's business focuses on sugar, ethanol, dairy and crop production in Argentina, Brazil and Uruguay. The company owns 210,400 hectares of agricultural land and several industrial facilities in these countries.

The company's market capitalization is just under $1.12 billion.

Tether views its investment in Adecoagro as a safe haven in the form of land assets that complement its holdings in bitcoin (BTC) and gold.

“Our investment is consistent with Tether’s broader strategy to support infrastructure, technologies, and businesses that advance economic freedom and sustainability,” Tether CEO Paolo Ardoino said Thursday.

Tether is also expanding its presence in the entertainment industry, acquiring a 30.4% stake in Italian media company Be Water for €10 million (worth $10.8 million).

The investment follows Tether's recent announcement that it would acquire a minority stake in Ardoino's beloved Juventus team, arguably the largest football club in Italy.

Источник