Tether left out of new investment in Juventus

• Juventus blocks Tether investment in new capital increase
• Tether increases shareholding but is excluded from funding
• USDT surpasses USDC with $5 billion appreciation in 30 days

Tether, the issuer of the USDT stablecoin, was not allowed to participate in the new capital round of Juventus Football Club, even after increasing its stake in the Italian team. Tether CEO Paolo Ardoino explained that the company was prevented from collaborating financially with the club, despite its stated interest in continuing to support Juventus’ sporting and administrative recovery.

In a post published on X on June 2, Ardoino responded to the expectations of fans who were waiting for a capital injection from Tether to strengthen the squad and put the club back among the top clubs in Europe. According to him, the Juventus board did not grant Tether the formal authorization required to participate in the capital increase that began in April 2025.

🦓🦓 When Tether has announced his investment in Juventus, and soon even scorsi, then his frustration grows, I finally gave him the current status of the squad, even when I left behind when Tether “casked in the money” to support Juventus,…

— Paolo Ardoino 🤖 (@paoloardoino) June 2, 2025

“Tether is eager to be a part of the team’s growth and future. But to date, the company has not even allowed Tether to participate in the capital raise announced a month ago (~$15-110 million). We simply cannot contribute unless society allows us to.”

In a critical tone, Ardoino also stated that the only form of support apparently accepted by the current management is the purchase of tickets:
“It is truly a shame to leave aside willing members who could invest significantly to help make Juventus great again. I hope that at least the money from my grandstand ticket can help cover the board’s expenses.”

USDt increased its market cap by more than 5B vs its main competitor in the last 30 days

— Paolo Ardoino 🤖 (@paoloardoino) June 1, 2025

Tether began investing in Juventus in February 2025, acquiring an 8,2% stake in the club. It later increased its stake to 10,12% of the issued shares, which corresponds to 6,18% of the voting rights. Still, the company was left out of the new fundraising that is expected to raise between €15 million and €110 million.

Meanwhile, Tether continues to expand USDT’s presence globally. According to Ardoino, the stablecoin has gained more than $5 billion in market value in the last 30 days, bringing its market cap to more than $153 billion — a figure that keeps it well ahead of USDC, currently at $60,9 billion. The move follows Bitcoin’s recent appreciation and regulatory advances in important markets such as the United States and Hong Kong.