🪙 TEHER invested over $100 million in an agricultural company

The company that operates the USDT stablecoin has invested $102 million in shares of Luxembourg-based agricultural giant Adecoagro, which operates in South America. The company is a major producer of milk and rice in Argentina, and also grows sugar cane, soybeans, and corn, including in Brazil and Uruguay.

Adecoagro has a market cap of $1.2 billion. Having purchased 9.8% of the shares, Tether became the third-largest shareholder in the company.

Investing in land, according to a Tether representative, is a scarce “key asset class” with long-term returns.

“Tether views land as a critical asset class, complementary to its existing investments in Bitcoin and gold. Land is inherently scarce, provides long-term returns, and has historically served as a safe haven during periods of geopolitical instability,” Tether said.