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Richard Heathcote, who until earlier this year served as Tether Holdings SA's chief investment officer, is planning to sell a small stake in the stablecoin issuer, Bloomberg reported Monday, citing people familiar with the matter. Heathcote is working with investment bank PJT Partners to sell part…
The post Tether’s Former CIO Heathcote Plans to Sell Equity Stake appeared on BitcoinEthereumNews.com. Richard Heathcote, who until earlier this year served as Tether Holdings SA’s chief investment officer, is planning to sell a small stake in the stablecoin issuer, Bloomberg reported Monday, citing people familiar with the matter. Heathcote is working with investment bank PJT Partners to sell part… Richard Heathcote, who until earlier this year served as Tether Holdings SA’s chief investment officer, is planning to sell a small stake in the stablecoin issuer, Bloomberg reported Monday, citing people familiar with the matter. Heathcote is working with investment bank PJT Partners to sell part of his 1.26% holding in Tether, according to Bloomberg’s sources, who were not authorized to speak publicly. Negotiations with potential buyers are underway, though no final price or buyer has been disclosed. Executive Handover Tether said in March that Heathcote was stepping down as CIO to move i
The post Ex-Tether CIO plans to sell a piece of his stake in the crypto giant appeared on BitcoinEthereumNews.com. Richard Heathcote, who until March was Tether’s chief investment officer, is planning to sell part of his 1.26% stake in the stablecoin giant, according to a Bloomberg report. Heathcote is working with PJT Partners to sell his holding in the San Salvador, El Salvador-based company, Bloomberg said, citing sources close to the matter. The sources said discussions with potential buyers were ongoing. They declined to comment on the company’s potential valuation. Heathcote took on a non-executive advisory role at the issuer of USDT, the largest stablecoin by market capitalization, in March, and was replaced by his deputy Zachary Lyons. In February, Tether scaled back from plans to raise as much as $20 billion after facing investor resistance to a proposed $500 billion valuation that would rank the stablecoin issuer among the world’s most valuable private companies. Tether advis
