Tether Holdings SA, the source of the largest Stablecoin in the world, is said to have talks with investors to raise up to $ 20 billion in New Capital, a deal that can push the company to the ranks of the most valuable private companies in the world.
According to people familiar with discussions, Tether seeks between $ 15 billion and $ 20 billion for approximately 3 % stake through a special position.
This means the evaluation near $ 500 billion, putting the company in the same league as Spacex and Openai.
The talks remain in the early stages and the details may change before any deal, According to To Bloomberg Reports.
It is said that Cantor Fitzgerald is advised to trans the treatment, which will include new royal rights instead of current shareholders who sell their shares.
Tether and bitcoin relationship
The fundraising efforts come at a time when Tether has expanded steadily until after Stablecoin, and building itself on a wider financial force supported by the reserve.
Earlier this year, CEO Paulo Erdino revealed this rope Ends now 100,000 BTC – at a value of more than $ 11 billion – along with more than 50 tons of gold as part of its reserves.
These holdings make Tether one of the largest companies in Bitcoin in the world, a fact that increases the fate of its business with the world’s leading digital assets.
Earlier this year, the company also started getting rid of Stablecoin on Lighting Bitcoin.
pregnancy Declare Stablecoin will call RGB, which is the next generation protocol that allows the original Stablecoin directly to Bitcoin. This step has made Tether Tether Bitcoin Native, confirming her bet on Bitcoin as a base for daily global funds.
The company gained huge profits by investing its reserves in US Treasury bonds and other cash -like tools, Reservation $ 4.9 billion in profit during the second quarter alone.
Erdino claimed the rope Work With a 99 % profit margin-numbers, although it is not abstract according to public market standards, highlighting the company’s cash engine.
Tether already has more than 100000 BTC and moves to Stablecoins directly on Bitcoin. The successful increase will link its future even closer to Bitcoin, making BTC the backbone of one of the most private companies in the world.
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