Tether to Emerge as Largest Shareholder of VCI Global (NASDAQ: VCIG) Following $100 Million OOB Token Transaction
Rhea-AI Summary
VCI Global (NASDAQ: VCIG) announced that Tether is set to become VCIG's largest shareholder after a USD 100 million OOB token digital-asset-treasury transaction on November 11, 2025. The company said it will integrate the OOB token into a USD 100 million digital-treasury initiative to support future AI, fintech, and blockchain projects under its Nasdaq-listed governance framework.
The OOBIT ecosystem, backed by Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital, powers a tap-to-pay and cross-border decentralized payments platform. The release highlights Tether's market capitalization of about USD 180 billion and its holdings of tens of billions in U.S. Treasury bills and cash equivalents as context for the transaction.
Positive
- USD 100 million OOB token transaction completed
- Tether to emerge as VCIG's largest shareholder
- OOB token integrated into a USD 100 million digital-treasury initiative
- OOBIT ecosystem supported by Anatoly Yakovenko, CMCC Global, and 468 Capital
Negative
- Concentration risk from Tether becoming the largest shareholder
- Transaction specifics (ownership stake percent) not disclosed
News Market Reaction
On the day this news was published, VCIG declined 26.55%, reflecting a significant negative market reaction. Argus tracked a peak move of +72.0% during that session. Argus tracked a trough of -20.7% from its starting point during tracking. Our momentum scanner triggered 56 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $12M at that time. Trading volume was very high at 4.8x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
OOBIT platform is supported by Solana Co-Founder Anatoly Yakovenko, CMCC Global and 468 Capital, the OOB Token ecosystem connects stable-coin liquidity with public market transparency
KUALA LUMPUR, Malaysia, Nov. 11, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced that Tether, the world’s largest stable-coin issuer, is set to emerge as the largest shareholder of VCIG following the completion of a USD 100 million OOB token digital-asset-treasury transaction.
Tether (USDT) has a market capitalization of approximately USD 180 billion and maintains tens of billions of U.S. Treasury bills and cash equivalents in reserve, making it the most widely used and asset-backed stable-coin globally.
The OOBIT ecosystem — backed by Solana Co-Founder Anatoly Yakovenko, CMCC Global, and 468 Capital, powers a tap-to-pay and cross-border decentralized payments platform.
Following the transaction, VCIG will integrate the OOB token within its USD 100 million digital-treasury initiative to support future AI, fintech, and blockchain projects under its Nasdaq-listed governance framework.
About VCI Global Limited
VCI Global Limited is a cross-sector platform builder at the forefront of technology and financial architecture. The Company focuses on developing and scaling platforms across artificial intelligence, encrypted data infrastructure, digital treasury systems, and next-generation capital market solutions.
By integrating technology innovation with financial ecosystems, VCI Global enables enterprises, governments, and institutions to capture opportunities in the evolving digital economy. The Company’s strategy is centered on building scalable platforms that deliver resilience, efficiency, and long-term value across multiple high-growth sectors.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI GLOBAL LIMITED
enquiries@v-capital.co
FAQ
What does Tether becoming VCIG's largest shareholder mean for VCIG (VCIG) on November 11, 2025?
How large was the OOB token transaction that made Tether VCIG's largest shareholder (VCIG)?
Will VCIG use the OOB tokens in its treasury and for what purpose (VCIG)?
What is the OOBIT ecosystem and who backs it in VCIG's announcement (VCIG)?
How large is Tether's market capitalization cited in the VCIG announcement (VCIG)?
