Richard Heathcote, Tether’s former Chief Investment Officer, is looking to offload a portion of his 1.26% stake in the company behind the world’s largest stablecoin. The move comes just months after Heathcote stepped back from his day-to-day role at the firm.
What we know about the deal
Heathcote transitioned from CIO to a non-executive advisory role in March 2026, handing his operational responsibilities to Zachary Lyons. Now he’s looking to monetize at least some of his ownership position.
PJT Partners, a well-known advisory firm on Wall Street, is managing the discussions around the stake sale. No specific transaction size or valuation has been disclosed yet.
Tether has approved the sale. But this is purely a personal divestiture. The company itself isn’t raising new capital through this transaction.
