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Tether raises only $5 billion
As Bitcoin regains its footing after yesterday's
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As Bitcoin regains its footing after yesterday's large sell?off, it emerged that Tether raised only $5 billion — well below earlier expectations of $15–20 billion. The company was valued at $500 billion. The revised figure represents a 75% decline from the upper bound of the original target and follows Tether's disclosure of roughly $10 billion in profit last year. Clearly, many investors questioned why a company already generating more than $10 billion annually would need an additional $15–20 billion. The change in funding plans raises
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Jakub Novak,
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