BlockBeats News, July 23rd, Tether's CEO Paolo Ardoino stated that Tether has today announced some of its investment/venture capital portfolio. Overall, Tether has invested in over 120 companies, and this number is expected to grow significantly in the coming months and years. The invested companies include Juventus, Bitdeer, Crystal Intelligence, Rumble, Shiga Digital, and others.
These investments all come from Tether's own profits (projected to be $13.7 billion by 2024) and do not involve the reserve assets of USDT (and other stablecoins), falling under Tether's investment department. The focus is on key areas such as payment infrastructure, renewable energy, Bitcoin, agriculture, artificial intelligence, and tokenization.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.