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Interesting contrast. Tether's €1.1 billion acquisition bid was rejected by Juventus management, but the club's stock instead rose by 14%, indicating that investors seem quite pleased with this decision. However, the performance of the JUV token is a bit awkward — it once dropped over 13%, though it later recovered somewhat. According to data from Coingecko, it is currently hovering around $0.73, with a 24-hour decline of 9.7%.
Interestingly, although this acquisition didn't go through, Tether still firmly holds a seat on Juventus's shareholder list, owning 11.53% of the club, making it the second-largest shareholder. This also shows that the leading stablecoin company’s interest in sports assets has not waned; this step was just temporarily blocked. The decline in the JUV token may reflect market disappointment over the failed acquisition.
Tether still wants to be a major player in sports, but this time it was blocked. Next time, keep trying.
As for JUV... with 11.53% of shares held, Tether has already won. The retail investors are instead tangled up in token prices, which is a bit ironic.
This is a standard market undervaluation response; wait a few months and see.
Tether: I’ll take what I can, and if I can't, it's okay. Anyway, I’m already a secondary shareholder.
This move is a long-term strategy. Don’t be fooled by the short-term token dip; the capital has already been secretly planning the next move.
JUV tokens have dropped so much, token holders really need to do some psychological counseling.
By the way, Tether still holds an 11% stake, they are probably slowly laying out their strategy.
Oh my, 1.1 billion euros rejected just like that, Juventus management still has some confidence.
The token's sharp decline really shows that the market is voting with its feet.
Tether's move is interesting; there's no rush even if they can't collect, after all, they still hold the shares.
With this kind of drop in JUV, it feels like current holders are just holding on by faith.
Stock prices are rising while tokens are falling, this kind of divergence is really a bit theatrical.
Honestly, the club's rejection might actually be the right move; just look at investor reactions to see.
As long as Tether still holds shares, there's still a chance; this game is far from over.
Tether still isn't giving up, holding 11.53% to continue manipulating the market. The game of sports finance clearly isn't giving up so easily.
JUV's decline is definitely the cost of market expectation gaps. What happened to the promised acquisition?