REPORTS SUGGESTS TETHER IS EYEING A SEAT ON JUVENTUS BOARD AFTER BECOMING CLUB’S SECOND BIGGEST SHAREHOLDER

$JUV soared by over 200% when Tether purchased its initial stake in the club in February. Could it be set for another parabolic move?

Tether, the cryptocurrency company behind USDT, the world’s biggest stablecoin, is now eyeing a seat on the board of Italian club Juventus, according to reports in major media including Bloomberg and Italian financial outlet Calcio e Finanza.

Back in April, Tether confirmed it had increased its stake in the Serie A giants to over 10% in a statement on its official website. 

Now, emerging reports suggest that Tether’s holding is second only to that of

majority owner Exor – the investment company of Italy’s billionaire Agnelli family.

According to reports, Tether, led by CEO Paolo Ardino and majority owner Giancarlo Devasini, both of whom have supported Juve since childhood, are now hoping to obtain a seat on the club’s board of directors.

$JUV volume soared on February 14th this year when news of Tether’s initial shareholding went public, with the price surging by 200%.  

At the time of writing $JUV is up just over 4% in the last 24 hours, with volume in the same period approaching $6M. 

The club, currently in the US competing in this summer’s Club World Cup, has yet to confirm the reports, but confirmation could potentially be a very positive price catalyst for $JUV given historical precedent.

Tether, the cryptocurrency firm behind the world’s most popular stablecoin USDT, has purchased an additional 10.7% stake in Juventus for €128M – becoming the club’s second biggest shareholder.

PANews reported on June 25 that according to Bloomberg data, Tether is currently the second largest shareholder of Italian football club Juventus and hopes to obtain a seat on the club’s board of directors. However, Juventus said that any relevant negotiations will be postponed until after the Club World Cup.

As of the close of trading on Monday, Tether Holdings SA has accumulated a 10.7% stake in Juventus, worth approximately 128 million euros (approximately $149 million). It is worth noting that before 2025, no major European football club will list a crypto company as one of its major shareholders.