Tether, a company that makes a type of cryptocurrency called a stablecoin (like digital dollars!), wants to buy a big part of a South American farm company called Adecoagro. It already owns almost 20% of Adecoagro. This is part of Tether's plan to invest more money in different things.
- Tether offered to buy more of Adecoagro for $12.41 per share.
- Adecoagro's board will decide if it's a good deal.
- Tether also recently invested in a soccer team!
- Tether says it has lots of money, so it's not worried about possible problems.
| Fact | Number |
|---|---|
| Tether's offer price per share | $12.41 |
| Tether's current Adecoagro ownership | ~20% |
| Adecoagro's market value | $1 billion |
| Tether's 2024 profit | $13 billion |
