Tether bids for 65.4% of Juventus; explores tokenized equity toward $500B valuation

On December 12, 2025, Tether submitted a binding, all‑cash offer for Exor's 65.4% stake in Juventus FC and said it would tender for the rest, with up to $1 billion earmarked for post‑acquisition investment. Bloomberg also reported that Tether is evaluating tokenized equity and share buybacks as it targets a $500 billion valuation.