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Tether to acquire Adecoagro S.A.tether.io/news/tether-announces-the-results-of-tender-offer-for-common-shares-of-adecoagro-s-a/
132 sats \ 6 comments \ @byzantine 27 Apr tech
Adecoagro S.A. is an agro-industrial company operating primarily in Argentina, Brazil, Uruguay, and Chile. It focuses on two core segments:
Farming: Produces agricultural commodities like grains, rice, dairy, and coffee. Sugar, Ethanol, and Energy: Cultivates sugarcane to manufacture sugar, ethanol, and renewable energy. The company emphasizes sustainability by recycling by-products into biofertilizers and biomethane for its operations. Incorporated as a Luxembourg-based société anonyme (corporation), it is publicly traded on the New York Stock Exchange under the ticker symbol AGRO.
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200 sats \ 3 replies \ @byzantine OP 27 Apr
at this point, all of these acquisitions by tether start to make me think that they have a lot of questionable funds on their balance sheet and the best way to get rid of questionable funds is to buy a company with them and then use the clean cash flows as a way to replenish with clean dollars
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77 sats \ 0 replies \ @nkmg1c_ventures 27 Apr
I think they have more cash than they know what to do with, if they were trying to hide it they wouldn't have bought the 10% stake in Juventus. Any business that produces stuff and generates revenue over time is a good way to diversify from just holding debt
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33 sats \ 0 replies \ @justin_shocknet 27 Apr
Or we're about to see commodity markets get tokenized on a Bitcoin standard
Maybe both?
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0 sats \ 0 replies \ @byzantine OP 27 Apr
yeah i think they are diversifying but i wonder why at this point in bitcoin adoption. unless these investments buy them some favors in the jurisdictions they invest
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0 sats \ 0 replies \ @LibertasBR 27 Apr
Diversifying or expanding the territory of use of their shitcoin artificially?
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0 sats \ 0 replies \ @TheBTCManual 27 Apr
I guess they're preparing for ZIRP where they can't just sit on short term paper and collect healthy profits so diversify now and try to generate higher returns from their growing cash pile
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