Tether acquires 30% stake in Italian media company Be Water

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MarsBit
03-27
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Mars Finance News: According to Bloomberg, stablecoin issuer Tether will spend approximately 10 million euros to acquire a 30% stake in the Italian media company Be Water. Be Water's portfolio includes podcast production company Chora Media, Will Media, and film production and distribution company Be Water Film. This transaction is part of Tether's recent investment boom, which has previously involved agriculture, AI, and brain-computer interfaces. Tether's current USDT market value is around $144 billion, primarily backed by highly liquid assets such as U.S. Treasury bonds.

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