Tether’s $10.8M Bet on Be Water: Shaping the Future of Media Innovation

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Tether Invests $10.8 Million in Be Water to Revolutionize Digital Content

Tether has disclosed an investment of $10.8 million (€10 million) in the media company, Be Water, which amounts to a 30.4% ownership share. This investment is aimed at fostering innovation within content creation and distribution sectors. This strategic move underscores Tether’s ambition to broaden its horizons from fintech into contemporary media technologies.

Tether Acquires 30.4% Stake in Be Water, Expanding into Media Innovation

bitcoin.com/tether-strengthens-regulatory-focus-with-new-cfo/”>Tether Inc. has made a strategic investment in Be Water, a media company specializing in film, audio, and live content distribution. Through a $10.8 million (€10 million) capital increase, Tether will acquire a 30.4% stake, supporting Be Water’s vision of integrating technology with content creation.

This financial move signifies that Tether is broadening its strategic approach beyond the realm of fintech. With projected profits of over $13 billion by 2024 and U.S. Treasury holdings amounting to $113 billion, Tether has already ventured into multiple fields. For instance, it made a $775 million investment in video platform Rumble and holds a $200 million stake in Blackrock Neurotech.

“At Tether, we recognize the power of storytelling and the importance of independent media in shaping informed societies. Our investment in Be Water aligns with our vision to support technology-driven innovation across industries,” said Paolo Ardoino, CEO of Tether.

With Tether’s backing, Be Water plans to develop advanced digital infrastructure, enhance investigative journalism, and expand globally. This partnership aims to leverage blockchain and digital tools to revolutionize media distribution, further cementing Tether’s role in driving technological innovation across industries.

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2025-03-29 12:59