April 30, 2025 – Tether Investments S.A. de C.V. (“Tether”), a global technology company and strategic investor, today announced the successful acquisition of a 70% controlling stake in Adecoagro S.A. (NYSE: AGRO), a leading sustainable production company in South America. This milestone represents a major step in Tether’s broader strategy to expand beyond digital finance and into real-world infrastructure—including energy, agriculture, data, and communications.

Tether’s engagement with Adecoagro began in September 2024 with a $100 million investment for a 9.8% stake, signaling its intent to support and scale sustainable real-world asset (RWA) production. The move was part of Tether’s growing focus on leveraging its capital and technological expertise to invest in businesses that support economic freedom and long-term resilience in emerging markets.

The majority acquisition announced today builds on that initial investment, marking a decisive step in Tether’s long-term strategy to become a key player in global, real-world infrastructure. With majority ownership secured, Tether is now in a position to accelerate Adecoagro’s growth and align its board and operations with a forward-looking vision focused on renewable energy, efficient resource use, and regional development.

Following the acquisition, significant changes have been made to Adecoagro’s Board of Directors to reflect the company’s new ownership structure and strategic direction. Five outgoing board members—Mrs. Ana Cristina Russo, Mr. Guillaume van der Linden, Mr. Alan Leland Boyce, Mr. Andres Velasco Brañes, and Mr. Plinio Musetti—have stepped down. They are succeeded by new Executive Chairman Mr. Juan Sartori, Mr. Christian De Prati, Mr. Andres Larriera, Mr. Kyril Robert Leonid Louis-Dreyfus, and Mr. Oscar Alejandro León Bentancor, who join continuing members Mrs. Manuela Vaz Artigas, Mr. Ivo Andrés Sarjanovic, Mr. Daniel González, and Mr. Mariano Bosch.

Paolo Ardoino, CEO of Tether, commented:

“Our acquisition of Adecoagro reflects Tether’s commitment to advancing sustainable, real-world infrastructure in regions where investment has historically been limited. By aligning with in Adecoagro’s proven expertise in agriculture and renewable energy, we are taking another concrete step toward bridging traditional industries with the future of decentralized finance and economic empowerment.”

Mariano Bosch, Co-Founder and CEO of Adecoagro, added:

“Tether’s investment marks a turning point for Adecoagro. Their commitment to building sustainable infrastructure complements our mission and opens exciting new possibilities. I thank our departing Board members for their steadfast contributions and warmly welcome the incoming directors, whose experience will help propel us forward.”

Juan Sartori, newly appointed Chairman of the Board, noted:

“This partnership with Tether brings a new era of opportunity for Adecoagro. We look forward to scaling the company’s impact in sustainable agriculture and energy, reinforcing capital discipline, and unlocking long-term value across South America.”

The Audit Committee will now include Mrs. Manuela Vaz Artigas, Mr. Ivo Andrés Sarjanovic, and Mr. Oscar Alejandro León Bentancor. The full Board will be confirmed at the General Shareholders’ Meeting on June 6, 2025.

This acquisition follows a series of moves by Tether to broaden its reach and reassert its role as a global technology leader, with prior initiatives in bitcoin mining, AI infrastructure, and peer-to-peer communications. By acquiring a majority stake in Adecoagro, Tether deepens its engagement in productive, long-term investments that deliver both economic and societal value.