Tether will contribute €28.8 million to participate in Juventus’ capital increase, and abstained on resolutions including financial statements.

According to Italy’s Gazzetta dello Sport, Tether — which holds roughly 11.5% of Juventus’ shares — will take part in the Italian football club’s €250 million capital increase, contributing €28.8 million in line with its stake. At Tether’s November 3 general meeting, it voted in favor of the capital increase proposal tabled by major shareholder Exor. However, Tether abstained from all other resolutions at the ordinary general meeting, including approving financial statements that posted a €66 million loss, director appointments, and executive performance compensation plans. The compensation plan grants Juventus stock rewards to executives who meet financial, sporting, and share price targets over a three-year assessment period. In 2025, Tether objected to the procedural arrangements of a €98 million capital increase proposal, calling for protection of existing shareholders’ preemptive subscription rights and immediate clarity on the issuance price and share count to avoid dilution of its holdings. Though its proposal was rejected, Tether still invested €11.7 million to join the capital increase. Separately, Tether’s acquisition offer submitted to Exor in December 2025 was also turned down.