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Tether Takes $100 Million Stake In Publicly Traded Agriculture Company

September 10, 2024
x min read
Tether Takes $100 Million Stake In Publicly Traded Agriculture Company

The company behind the world’s most popular stablecoin has made a big new bet. And it’s on a publicly traded agriculture company.

What’s happening:

  • Tether has invested $100M USD into agricultural giant Adecoagro (NYSE: AGRO) through purchasing shares on the open market

Why it matters:

  • Adecoagro is the single largest producer of dairy in Argentina and is also one of the largest cultivators of soybean and corn in both Argentina and Uruguay
  • This is the first time that Tether has ever invested into an agriculture or food technology company

By the numbers:

  • The current market capitalization of Adecoagro is $1.1B USD, which gives Tether approximately 9.8% ownership of the entire company
  • Adecoagro owns 213.5K hectares of farmland across Argentina, Brazil and Uruguay

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