September 01, 09:44
Tether CEO confirms 70% Adecoagro stake with “Stable Cow” GIF
Tether CEO Posts "Stable Cow" GIF -- And Confirms a 70% Stake in a Farming Giant
Beincrypto
Tether CEO Paolo Ardoino confirmed Tether’s roughly 70% stake in agribusiness Adecoagro with a cow GIF captioned “Here’s a Stable Cow.” Tether raised the stake through a tender offer in 2025. Adecoagro farms sugarcane, rice, and dairy. Its herd includes more than 14,500 milking cows. Four free-stall dairy units operate in Argentina’s Humid Pampas. Two biodigesters convert cattle waste into biogas and send electricity to the local grid. Adecoagro shares closed Monday at $11.38 after gaining 5.96%. The closing price valued the producer near $1.55 billion. KPMG signed off on Tether’s 2025 accounts. Tether’s verified excess reserve cushion has since shrunk 40%. Adecoagro controls more than 230 megawatts of renewable generation across South America. Sugarcane bagasse, biogas, and mill cogeneration supply that output. Tether can route surplus power into Bitcoin mining rigs rather than sell it on volatile spot markets. Tether and Adecoagro signed a mining memorandum in September 2025. Adecoagro CEO Mariano Bosch said the arrangement could lock in pricing for power that the company currently sells on the spot market. Tether operates the mining sites with in-house software that it open sourced. Michael Saylor calls corporate Bitcoin adoption inevitable. Adecoagro’s next earnings will show whether Tether beats grid contracts on cost. Investors will watch how quickly Tether incorporates the farms into wider real-world asset plans.
This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.