$ETH According to Bloomberg, Tether plans to raise up to $20 billion through a stock issuance and will consider tokenizing the shares after the sale is completed. Insiders revealed that Tether's executives are considering various options, including stock buybacks, and after the transaction is completed, to store the company's shares in digital form on the blockchain through tokenization.

Insiders disclosed that at least one existing shareholder previously planned to sell shares at a price well below the company's $500 billion valuation, and Tether intervened to stop this plan. Insiders indicated that Tether's management is concerned that the selling behavior of existing investors could affect its massive fundraising. Due to the confidential nature of the information, these individuals requested anonymity. One insider stated that the company currently has no plans to allow existing shareholders to sell their 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 fundraising plans but later decided to back out. The individual also added that Tether's management did not attempt to stop Blockchain Capital from selling its shares.