
According to Bloomberg, Tether is negotiating a multibillion-dollar equity sale that could value it among the world’s most valuable private firms, surpassing major financial institutions in scale.
Tether Holdings is in talks to sell a 3% stake to raise $15–20 billion, aiming for a $500 billion valuation. If finalized, this would make Tether one of the most valuable private companies globally, exceeding Goldman Sachs and BlackRock in combined market capitalization. Chairman Giancarlo Devasini holds a 47% stake, while CEO Paolo Ardoino owns 20%, with other executives and Cantor Fitzgerald also among shareholders. The deal would represent the largest wealth creation event in crypto’s history.