Tether acquires 30% stake in Italian media company Be Water
According to Bloomberg, stablecoin issuer Tether will spend approximately 10 million euros to acquire a 30% stake in the Italian media company Be Water. Be Water includes podcast production companies Chora Media and Will Media, as well as film and television production distributor Be Water Film. This transaction is part of Tether's recent investment boom, which has previously involved agriculture, AI, brain-computer interfaces and other fields. The current market value of Tether's USDT is about $144 billion USD, mainly supported by highly liquid assets such as U.S. Treasury bonds.
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