According to reports, Tether Holdings Sa, the broadcaster of the largest Stablecoin in the world, is in talks with investors to collect up to $ 20 billion in new capital, an agreement that could push the company in the ranks of the most precious private companies in the world.
According to people who are familiar with discussions, Tether is looking for between $ 15 billion and $ 20 billion in exchange for a participation of about 3% through a private positioning.
This would imply an evaluation near $ 500 billion, putting the company in the same League of Spacex and Openai.
The interviews remain in the early stages and details can move before the closure of any agreement, according to Bloomberg Reporting.
Cantor Fitzgerald is said to be advising on the transaction, which would imply a new capital just than the existing shareholders who sell their stakes.
Legy and Bitcoin report
The fundraising effort comes when Tether has constantly expanded beyond the issue of Stablecoin, building himself in a wider financial power supported by the reserve.
At the beginning of this year, the CEO Paolo Aroino revealed that Tether now holds over 100,000 BTC – for a value of over $ 11 billion – together with more than 50 tons of gold as part of his reserves.
These participations make the Tether one of the major corporate owners of Bitcoin globally, a fact that further links the fate of its activity with the leading digital resource in the world.
At the beginning of this year, the company also began to extract its Stablecoin on the Bitcoin Lightning network.
Tether has announced that he will launch his Stablecoin on RGB, a next generation protocol that allows the native emission of Stablecoin directly on Bitcoin. This move has made Bitcoin’s most native tether, underlining his bet on Bitcoin as a base for everyday global money.
The company has collected enormous profits by investing its reserves in the United States securities and other tools similar to cash, booking a profit of $ 4.9 billion in the quarter only.
Ardoino said that Tether operates with a profit margin of 99%-Figura that, although not made by the public market standards, highlight the company generation engine.
Tether already holds over 100,000 BTC and is moving to issue Stablecoin directly on Bitcoin. An increase in success would link its future even closer to Bitcoin, making BTC the backbone of one of the most precious private companies in the world.