Tether, the issuer of the USDt stablecoin, is looking to expand its investment portfolio by acquiring a majority stake in Adecoagro, an agro-industrial company operating in Argentina, Brazil, and Uruguay. This follows an unsolicited proposal from Tether Investments, offering to buy Adecoagro shares at $12.41 each. Tether already owns 19.4% of the company, having invested $100 million for a 9.8% stake in September 2024.
The Adecoagro board is currently reviewing the proposal, consulting with financial and legal advisors to assess whether the offer aligns with shareholders’ interests. A response from the board is expected soon, but no immediate action is required from shareholders.
This potential deal is part of Tether’s broader strategy to diversify its investments beyond digital assets. The company, which generated $13 billion in profits in 2024, is exploring opportunities in sectors such as agriculture, fintech, and biotech. Tether believes its investment in agriculture aligns with its vision for long-term value and resilience.
The acquisition would follow Tether’s recent investments, including a deal with Juventus, an Italian football club. Tether sees agricultural investments as a way to mitigate geopolitical risk, emphasizing the importance of the sector for global sustainability.
