Tether Eyes Major Stake in Bioceres Amid Low Share Prices

Cryptocurrency Giant Tether Expands Its Portfolio

Tether Holdings Limited, known for its stable cryptocurrency USDT, is reportedly eyeing a significant stake in the agricultural biotech company Bioceres. With Bioceres' stock price recently hovering around $4 per share, Tether has been acquiring shares and is poised to potentially launch an offer to increase its holding in the company.

Sources from a recent transaction involving Tether have leaked this strategic move, albeit choosing to remain anonymous for now. This is not Tether's first foray into the agricultural sector. The crypto firm previously expressed an intent to acquire a majority share in Adecoagro by offering $12.41 per share, although the agribusiness has yet to decide on this non-binding proposal.

Strategic Investments in Agriculture

As Tether continues to gather shares of Adecoagro, currently holding 19.4% of the company, it's on the path to potentially obtaining a controlling interest. This pattern is echoed in its interest in Bioceres, given the favorable circumstances provided by Bioceres' depreciated stock values.

Bioceres, navigating industry shifts, has decided to exit seed production and sales, pivoting towards research and technological advancements in agriculture. This strategic redirection includes partnerships with significant agricultural entities like GDM for soybeans and Florimond Desprez for wheat technologies.

The intrigue surrounding Tether's investments signals its commitment to leveraging financial markets to enhance its influence within the biotech and agricultural domains.