Tether acquires 30% stake in Italian media company Be Water

ChainCatcher news, according to Bloomberg, stablecoin issuer Tether will spend about 10 million euros to acquire a 30% stake in the Italian media company Be Water. Be Water includes podcast production company Chora Media, Will Media, and film production and distribution company Be Water Film.

This transaction is part of Tether's recent investment spree, which has previously ventured into agriculture, AI, brain-computer interfaces, and other fields. Tether's current USDT market capitalization is approximately 144 billion dollars, mainly supported by highly liquid assets such as U.S. Treasury bonds.