Tether has lowered its fundraising target from $15-20 billion to $5 billion amid investor skepticism about its $500 billion valuation. CEO Paolo Ardoino stated that the previous fundraising amount was a misunderstanding, emphasizing that the company is highly profitable, with last year's profit around $10 billion, but it is expected to decrease by 25% in 2025.
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BornForGood3913
· 02-04 05:34
Tianrui Xiang has reached a strategic agreement with an investor, who will exchange 15,000 Bitcoins for company equity, currently valued at approximately $1.1 billion. The agreement also includes collaborations related to artificial intelligence and the crypto sector, with plans to jointly establish an innovation lab and develop multiple new products.
Tether has lowered its fundraising target from $15-20 billion to $5 billion amid investor skepticism about its $500 billion valuation. CEO Paolo Ardoino stated that the previous fundraising amount was a misunderstanding, emphasizing that the company is highly profitable, with last year's profit around $10 billion, but it is expected to decrease by 25% in 2025.