Tether invests 10 million euros in Be Water, acquires 30.4% stake, aims to support innovation.

From Cointelegraph

March 27, 2025 09:33:00 AM:

Tether invests 10 million euros in Italian media company Be Water, acquiring a 30.4% stake. Be Water produces films, documentaries, and series addressing social issues and journalism. Tether CEO Paolo Ardoino aims to support technology-driven innovation. Be Water aims to distribute content across various platforms with Tether’s help.

Be Water’s board to include Tether executives after restructuring. Capital infusion to upgrade digital infrastructure and expand content production. Plans to boost investigative journalism departments of Italian platforms Chora Media and Will Media. Tether’s ongoing investment drive fueled by $13 billion in profits and $113 billion in US Treasury holdings.

Tether’s recent investments include acquiring a stake in Juventus FC and seeking a majority stake in Adecoagro. Rumble, in which Tether invested $775 million, launched a wallet for content creator payments with USDt support. Tether’s investments paying off, with significant growth and new opportunities. Tether and Paolo Ardoino yet to respond to inquiries.

Read more at Cointelegraph: Tether acquires 30% stake in Italian media company Be Water