Tether spent $600 million to buy roughly 70% of Nasdaq-listed agribusiness Adecoagro, adding farmland to a reserve strategy that already includes gold and Bitcoin, according to BeInCrypto. The company said the land fits its hedge against dollar debasement and inflation, and it plans to use renewable energy from the farms to power Bitcoin mining. KPMG’s first full audit gave Tether an unqualified clean opinion, but the company’s reserve buffer later fell 40% to $4.1 billion in June, driven largely by unrealized losses on gold and bitcoin.
