Tether Proposes to Acquire Majority Stake in Agribusiness Giant Adecoagro for $12.41 per Share

On February 14, Tether, the issuer of USDT, submitted a non-binding proposal to acquire the remaining common shares of Adecoagro, a major South American agribusiness, at $12.41 per share (Source: CryptoSlate, Feb. 18). This would increase Tether's stake from 19.4% to 51%, making it the dominant shareholder. Adecoagro's board is evaluating the offer with legal and financial advisors after a meeting on February 16 (Source: CryptoSlate, Feb. 18). The firm operates across Argentina, Brazil, and Uruguay, managing 210,400 hectares of farmland and producing over 2.8 million tons of agricultural goods annually (Source: CryptoSlate, Feb. 18). This move aligns with Tether's diversification strategy, which includes investments in Bitcoin mining, AI, and sports, following a $100 million investment for a 9.8% stake in Adecoagro in September 2024 (Source: CryptoSlate, Feb. 18; Source: Cointelegraph, Feb. 18). Tether's move comes after criticizing JPMorgan's Bitcoin FUD and reporting $13 billion in profits in 2024 (Source: Cointelegraph, Feb. 18).