Tether plans to invest $10.8 million in Italian media firm Be Water: report

An interior source affirmed by Tether should buy a 30% stake in the Italian media company, Be Be Water. With a market value of more than $ 144 billion, the Stablecoin firm has expanded its portfolio beyond the crypto.

According to a recent Bloomberg reportA familiar source with transactions told the media stable The transmitter agreed to buy a 30% stake in the Italian media company Be Water.

However, the agreement has not yet been officially announced and the source refused to be identified until the agreement was made public. A representative of Tether (USDT) did not respond to a request for comments concerning the agreement with the Italian firm, no spokesperson for Be Water.

Founded in 2021 by the Guido Brera financier and writer, Be Water is a company of broadcast media based in Rome, Italy. It is the parent company of the production company of Podcast Chora Media and the Content Company based on Instagram Will Media, as well as the distribution and production company Be Water Film.

He did his beginning At the Cannes Film Festival last year and joined forces with major players in the Italian film industry such as screenwriter Stefano Biss and actor Alessandro Borghi.

If the agreement concludes, being the water will be the last company of the company in multimedia companies after having invested $ 775 million in the Rumble video sharing platform in December 2024. More recently, the stablecoin issuer agreed To help the platform build its own digital portfolio to support the financing of the creator.

Aside from multimedia companies, Tether’s investment wallet covers a wide range of companies in various bitcoin industries (BTC) Operating operations for the negotiation of basic products. At the time of the press, USDT, accumulated a market capitalization of more than $ 144 billion. While its daily negotiation volume is currently 23.8 billion dollars, according to data of crypto.News.

Last month, an interior source reported This attachment plans to invest its $ 7 billion in surplus reserves in more companies outside the cryptographic space.