🚨 Tether Buys Stake in Italian Media Firm! 🚨
Oh, the intrigue! Oh, the drama! It seems our dear Tether, the stablecoin firm with a market value greater than the GDP of many a nation, is set to make a splash in the world of Italian media. And not just any media, but the esteemed Be Water, a broadcast media company that has been making waves in the industry since its humble beginnings in 2021.
A certain “inside source” (ahem, a whispering wind that only reveals secrets to those who listen closely) has claimed that Tether is set to purchase a 30% stake in Be Water. And what a steal it would be! Be Water, with its podcast production firm Chora Media and Instagram-based content company Will Media, is a veritable treasure trove of creative genius. And let’s not forget its film production arm, Be Water Film, which has already made a splash at the Cannes Film Festival.
But, alas, the deal has not been officially announced yet, and the source has refused to be identified until the agreement goes public. Ah, the secrecy! Ah, the suspense! It’s enough to drive one mad with curiosity! A representative for Tether (USDT) has not responded to our request for comment, neither has a spokesperson from Be Water. One can only assume they are all too busy counting their newfound riches.
Be Water, for those who are not familiar, was founded by the illustrious Guido Brera, a financier and writer of some renown. And its connections to the Italian film industry are nothing short of impressive. It has partnered with the likes of screenwriter Stefano Bises and actor Alessandro Borghi. One can only imagine the masterpieces that will be created with Tether’s backing.
And if this deal does indeed close, Be Water will be the latest in a long line of multimedia companies to benefit from Tether’s benevolence. Just last December, Tether invested a whopping $775 million in video sharing platform Rumble, and most recently, it has agreed to help the platform build its own digital wallet to support creator funding. Ah, the generosity of Tether!
Aside from its forays into multimedia companies, Tether’s investment portfolio covers a wide range of firms in various industries, from Bitcoin (BTC) mining to commodity trading. And at press time, its market cap stands at a staggering $144 billion. One can only assume that its daily trading volume of $23.8 billion is just a mere trifle.
Last month, an inside source signaled that Tether is planning to invest its $7 billion in excess reserves into more companies outside of the crypto space. Ah, the possibilities are endless! One can only wonder what other secrets Tether has up its sleeve.
[Image: A photo of Guido Brera, the founder of Be Water]
[Image: A photo of Stefano Bises and Alessandro Borghi, partners of Be Water]
[Image: A photo of the Tether logo]
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2025-03-27 12:25