Tether Aims for $500B Valuation in Ambitious Share Sale
Tether Holdings Ltd. is preparing a seismic capital raise that could redefine crypto's corporate hierarchy. The stablecoin issuer plans to sell up to $20 billion in new shares, targeting a valuation near $500 billion—a figure that WOULD eclipse most traditional financial institutions.
The company is structuring the deal with investor liquidity in mind, considering share buybacks and on-chain equity tokenization. This follows Tether's recent intervention to prevent discounted sales by existing shareholders that implied a $280 billion valuation, demonstrating its iron grip on pricing power.