
Following Tether’s failed €1.1 billion takeover of Juventus, the club’s shares surged 14% while its fan token JUV saw notable declines, showing contrasting market reactions.
The Agnelli family, via holding company Exor, rejected Tether’s €1.1 billion offer to acquire Juventus Football Club, ending the stablecoin issuer’s attempt to take control. Tether, already the club’s second-largest shareholder with an 11.53% stake, saw Juventus shares rally 14% after the bid was declined. In contrast, Juventus’ fan token JUV fell more than 13% before narrowing its 24-hour loss to 9.7%, underscoring the mixed market sentiment toward cryptocurrency-linked sports ownership.