April 30, 2025 – Tether Investments SA DE CV (“Tether”), a global technology company and strategic investor, announced today that it has gained 70% control over Adecoagro SA (NYSE: AGRO), a leading sustainable producer in South America. This milestone represents the key steps in Tether's broader strategy to expand beyond digital finance to real-world infrastructure, including energy, agriculture, data, and communication.
Tether's involvement with Adecoaglo began with a $100 million investment in 9.8% stake in September 2024, indicating its intention to support and expand sustainable real-world asset (RWA) production. The move was part of Tether's focus, focusing on leveraging capital and technology expertise to invest in companies that support economic freedom and long-term resilience in emerging markets.
The majority of acquisitions announced today are built on its initial investment and mark the critical steps in Tether's long-term strategy to become a key player in global real-world infrastructure. With a majority ownership in place, Tether is now accelerating the growth of Adecoagro, aligning its board and operations with its vision of a future-looking statement focused on renewable energy, efficient resource use and regional development.
Following the acquisition, major changes have been made to Adecoagro's board of directors, reflecting the company's new ownership structure and strategic direction. 5 members of the shipping committee – MRS. Ana Christina Russo, Guillaume van der Linden, Alain Leland Boyce, Andres Velasco Branis and Plinio Musetti have resigned. They will be passed on to new executive chairs, Juan Sartori, Christian de Plati, Andres Lariella, Kirill Robert Leonido Louis Dreyfus and Oscar Alejandro Leon Bentancal.
Tether CEO Paolo Aldoino; comment:
“The Adecoagro acquisition reflects Tether's commitment to advancing sustainable, real-world infrastructure in regions where investment is historically limited, by matching Adecoagro's proven expertise in agriculture and renewable energy.
Mariano Bosch, co-founder and CEO of Adecoagroadded:
“Tether's investments illustrate the turning point of Adecoaglo. Their commitment to building sustainable infrastructure complements our mission and opens up exciting new possibilities. We appreciate the unwavering contributions of our retired board members and warmly welcome the next director whose experience helps us move forward.”
Juan Sartori, newly appointed chairman,attention:
“This partnership with Tether brings a new era of opportunity for Adecoagro. We look forward to expanding the company's impact on sustainable agriculture and energy, strengthening capital discipline and unlocking long-term value across South America.”
The Audit Committee includes Mrs. Manuela Vaz Artigas, Mr. Ivo Andrés Sarjanovic and Mr. Oscar Alejandro Leon Bentankan. The entire board of directors will be confirmed at the general shareholders meeting on June 6, 2025.
The acquisition follows a series of moves by Tether to broaden its reach and reaffirm its role as a global technology leader, with previous initiatives in Bitcoin mining, AI infrastructure and peer-to-peer communications. By acquiring a majority stake in Adecoagro, Tether deepens its commitment to productive, long-term investments that bring both economic and social value.