Tether, issuer of $144 billion greenback stablecoin USDT, has boosted its stake in Latin American agricultural agency Adecoagro (AGRO).

The $12.41 per share supply, which is topic to sure closing circumstances, would take Tether’s stake in Adecoagro from 51% to 70%, in line with an announcement on Thursday.

AGRO shares jumped over 7% to $11.95 in pre-market buying and selling following the announcement.

Adecoagro’s enterprise is concentrated on sugar, ethanol, dairy and crop manufacturing Argentina, Brazil, and Uruguay. It owns 210,400 hectares of farmland and a number of other industrial services throughout these nations.

The corporate has a market cap of slightly below $1.12 billion.

Tether views its Adecoagro’s funding as one within the secure haven of land that enhances its holdings in bitcoin (BTC) and gold.

“Our funding aligns with Tether’s broader technique to again infrastructure, know-how, and companies that advance financial freedom and resilience,” Tether CEO Paolo Ardoino stated in Thursday’s announcement.

Tether can also be growing its publicity to the leisure trade, buying a 30.4% stake in Italian media firm Be Water for 10 million euros ($10.8 million).

This funding follows Tether’s announcement final month of taking a minority stake in Ardoino’s favourite group Juventus FC, arguably the biggest soccer membership in Italy.