A golden coin with the symbol of a cryptocurrency next to a carton of whole milk and a glass of milk. — Surprise in agriculture: the shocking US$600 million purchase by a crypto giant | La Derecha Diario

Camara — Surprise in agriculture: the shocking US$600 million purchase by a crypto giant | La Derecha Diario

A crypto giant bought 'Las Tres Niñas' in a 600 million dollar deal

Tether, a giant in the cryptocurrency industry, invested US$600 million in the Argentine agribusiness company

27/03/2025 13:05:00h

Editorial Team

Adecoagro, an Argentine company that owns the milk brands Las Tres Niñas, Apóstoles, and Angelita, accepted a million-dollar offer. The purchase was made by Tether Investments, creator of the cryptocurrency USDT.

The transaction amounts to US$ 615.5 million and will allow Tether to control 70% of the capital of the agricultural firm. The agreement is still subject to regulatory conditions.

A hand pouring milk from a carton into a blue cup, with a background showing a plant and bread in a basket.

Adecoagro, the Argentine company that owns the Las Tres Niñas milk brands | La Derecha Diario

What does the purchase of Adecoagro imply?

Adecoagro is one of the main agricultural companies in Argentina, with businesses in dairy, rice, sugar, ethanol, and grains. It was founded in 2002 and today has 210,400 hectares in Argentina, Brazil, and Uruguay.

With this purchase, Tether, which already owned 20% of Adecoagro, seeks to expand its presence in the food industry. The crypto company will pay US$ 12.41 per share to reach 70% control.

The future of Adecoagro with Tether at the helm

Mariano Bosch, the company's CEO, celebrated the transaction and highlighted that Tether shares Adecoagro's entrepreneurial vision. He stated that the operation respects minority shareholders and announced that he will retain his shares.

A man in a suit and light jersey in front of a blurred background.

Mariano Bosch, CEO of the company | La Derecha Diario

"I'm very excited about this transaction and having a shareholder of this level," Bosch declared.

Tether and its interest in Argentine agriculture

Tether's foray into the sector wouldn't stop at Adecoagro. There is speculation in the market about its interest in Bioceres Crop Solutions, a company that developed drought-tolerant soy and wheat.

In the market, there is speculation about their interest in Bioceres Crop Solutions | La Derecha Diario

Bioceres is listed in the United States and its valuation exceeds US$ 250 million. Although there is no formal offer, the crypto giant could expand its presence in Argentine agriculture.

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