Tether has submitted a formal all-cash proposal to acquire Exor’s 65.4% controlling stake in Juventus Football Club, with plans to launch a subsequent public tender to buy all remaining shares at the same price.
The proposed purchase would be funded entirely from Tether’s own balance sheet, without outside financing. CEO Paolo Ardoino described the bid as personal, saying Juventus shaped his sense of commitment, resilience and responsibility as a boy and calling the offer a humble, responsible step for the club’s future.
Tether has pledged €1 billion to support Juventus’ growth and long-term sporting development if the deal closes. The company framed the investment as aligned with its corporate values—patience, independence and focus on long-term resilience—rather than a purely financial transaction.
The transaction must clear several hurdles, including approval from Exor, execution of a definitive agreement, and regulatory clearances. If Tether secures Exor’s stake, it intends to present minority shareholders with an offer on identical terms.
This bid is part of a broader push by Tether to diversify beyond its USDT stablecoin business. In recent months the company committed $1.5 billion to commodity trade finance across oil, cotton and wheat, launched QVAC Health for wearable data management, entered a partnership with HoneyCoin to expand digital asset adoption in Africa, filed for an El Salvador investment fund license, and initiated a share buyback program.
Tether reported over $10 billion in net profits in the first three quarters of 2025. Its reported reserves include $12.9 billion in gold and $9.9 billion in Bitcoin, while USDT circulation exceeded $174 billion by September. With total assets approaching $200 billion, Tether says it has the financial capacity to pursue major acquisitions.
