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news-imageMarch 27, 2025

Tether becomes the second shareholder of Be Water, with an investment of $10 million

The cryptocurrency company Tether has carried out a significant financial operation in the media sector. Through a capital increase and the purchase of shares, it has become the second-largest shareholder in the Be Water group, which controls Chora and Will, two established entities in the podcast and digital information sectors, with a focus on Instagram. The investment amounts to approximately 10 million dollars, and has led Tether to hold 30.4% of the company's shares. Despite Tether's entry, the founder Guido Maria Brera remains the majority shareholder. This step is part of a broader diversification strategy undertaken by Tether, which in recent months has expanded its investments beyond the cryptocurrency sector. The company led by the Italian Paolo Ardoino, based in El Salvador, has indeed invested in areas ranging from artificial intelligence to brain implants, reaching even U.S. media and even soccer.
Publisher: The Cryptonomist
Sentiment: Positive
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