Tether, the issuer of the $144 billion stablecoin USDT, has increased its stake in the Latin American agricultural company Adecoagro from 51% to 70%. This move was made through a $12.41 per share offer. Following the announcement, AGRO shares rose over 7% to $11.95 in pre-market trading. Adecoagro, with a market cap of just under $1.12 billion, operates in Argentina, Brazil, and Uruguay. The company manages 210,400 hectares of farmland and various industrial facilities, focusing on sugar, ethanol, dairy, and crop production. In addition to its agricultural investments, Tether is expanding into the entertainment sector, acquiring a 30.4% stake in the Italian media company Be Water for 10 million euros ($10.8 million).
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