Tether Plans to Raise $20 Billion Through Stock Offering

According to Foresight News, Tether is planning to raise up to $20 billion through a stock offering and may consider tokenizing the shares after the sale. Insiders have revealed that Tether's executives are exploring various options, including stock buybacks and storing the company's shares digitally on the blockchain post-transaction. Sources indicate that at least one existing shareholder previously intended to sell shares at a price significantly lower than the company's $500 billion valuation, but Tether intervened to halt this plan. The management is concerned that such sales by current investors could impact their substantial fundraising efforts. Due to the confidential nature of the information, the sources requested anonymity. One insider mentioned that the company currently has no plans to allow existing shareholders to sell shares in this primary funding round. An insider also disclosed that Tether investor Blockchain Capital had considered selling some shares before Tether's fundraising plans were announced but later decided against it. The source added that Tether's management did not attempt to prevent Blockchain Capital from selling its shares.