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Crypto firm Tether eyes $500 billion valuation in major raise, Bloomberg News reports
Yahoo Finance·2025-09-23 20:27

(Reuters) -Crypto giant Tether is in talks to raise as much as 20billioninaprivateplacementthatcouldvaluetheElSalvadorbasedfirmatabout20 billion in a private placement that could value the El Salvador-based firm at about 500 billion, Bloomberg News reported on Tuesday. The company is seeking 15billionto15 billion to 20 billion for roughly a 3% stake, the report said, citing people familiar with the matter. Still, the figures were top-end targets and eventual numbers could end up significantly lower, with the valuation of the company depending on the stake offered, the report added ...