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Former Tether Chief Investment Officer Richard Heathcote allowed to sell a small number of shares
Jul 7, 2026
Bloomberg, citing people familiar with the matter, reported that former Tether Chief Investment Officer Richard Heathcote is working with PJT Partners to sell a small portion of his Tether shares.
Heathcote stepped down as Tether's Chief Investment Officer in March of this year and transitioned to an advisory role. The people familiar with the matter stated that the sale only involves a portion of his 1.26% stake. Negotiations are currently underway with potential buyers, but they declined to disclose possible valuations.
Earlier reports in March indicated that Tether had suspended its plans to raise funds at a valuation of up to $500 billion earlier this year, as the company was awaiting the results of its first full financial audit. Tether has also engaged one of the Big Four accounting firms for the audit.
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