Tether has just invested $102 million in Adecoagro, a leading agricultural group in South America, marking a new step in its portfolio diversification strategy.
Tether , the company behind the world's largest stablecoin USDT , has just announced a $102 million investment in Adecoagro SA, one of South America's largest agricultural conglomerates. This is a notable move, showing that Tether is actively looking for new investment channels outside the traditional cryptocurrency market.
According to official information , from July 29 to August 16, 2024, Tether acquired 9.8% of Adecoagro, a Nasdaq-listed company with the ticker AGRO. Adecoagro currently has a market Capital of approximately $1.2 billion and operates in a variety of agricultural sectors, including milk, rice, and sugarcane production in Argentina and Brazil, along with soybean and corn cultivation in Argentina and Uruguay.
The investment demonstrates Tether 's efforts to diversify its portfolio, adding farmland to its traditional assets alongside the Bitcoin and gold it holds.
A Tether representative affirmed that the company believes in the long-term profitability and safe haven potential of land, especially in the context of global geopolitical instability. “Land has always been a scarce asset class, providing long-term profitability and considered a safe haven at all times,” emphasized a Tether spokesperson.
Tether ’s portfolio diversification strategy is also reflected in the company’s restructuring in April 2024, which Chia it into four main divisions: Tether Finance (stablecoin management), Tether Data (investing in Bitcoin mining), Tether Tech (investing in technology), and Tether Edu (education). This move shows that Tether is aiming to expand its scope of operations beyond the cryptocurrency sector, in order to minimize risks and optimize profits.
In addition to agriculture, Tether has also invested in Taiwan-based exchange XREX and Nasdaq-listed Bitcoin mining company Bitdeer. These investments not only reflect Tether ’s ambition to become a diversified conglomerate, but also underscore its strategy of seeking new opportunities and minimizing risks across multiple markets.
