Tether Ex-CIO Plans to Sell 1.26% Stake via PJT Partners

According to Bloomberg, Tether's former chief investment officer Richard Heathcote is planning to sell part of his 1.26% stake in the stablecoin issuer on July 6. Heathcote is working with investment bank PJT Partners on the sale, and Tether has approved the process. No price or valuation has been disclosed, and talks are ongoing. Tether reported more than $10 billion in profit in 2025, driven largely by interest income on its reserves backing USDT.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments