Golden Finance reports that, according to Bloomberg, Tether plans to raise up to $20 billion through a stock issuance and will consider tokenizing the shares after the stock sale is completed. Insiders revealed that Tether's executives are considering various options, including stock buybacks, and storing the company's shares in digital form on the blockchain through tokenization after the transaction is completed. Insiders disclosed that at least one existing shareholder had planned to sell shares at a price far below the company's $500 billion valuation, but Tether intervened to stop this plan. Insiders indicated that Tether's management is concerned that selling behavior from existing investors could impact its massive fundraising. Due to the confidential nature of the information, these individuals requested anonymity. One insider mentioned that the company currently has no plans to allow existing shareholders to sell shares in this round of major financing. Tether's investor Blockchain Capital had considered selling part of its shares before the announcement of Tether's financing plan but later decided to abandon that idea. The individual also added that Tether's management did not attempt to stop Blockchain Capital from selling its shares.
