Tether Seeks Up to $20B in Share Sale, May Tokenize Equity

Tether plans to raise as much as $20 billion through a share offering and may tokenize its stock after the sale, Bloomberg reported on Dec. 12. People familiar with the matter said executives are weighing a share buyback and storing company equity in digital form on a blockchain once transactions are completed. At least one existing shareholder previously sought to sell shares at a valuation well below $500 billion, but Tether blocked the move over concerns that sales by current investors could affect future large fundraising efforts.