BlockBeats News, September 24, Tether is seeking to raise up to $200 billion at a valuation of $500 billion. Based on Tether’s latest valuation, Wall Street bond trading giant Cantor Fitzgerald previously spent $600 million to acquire a 5% stake in Tether, currently valued at $25 billion, achieving a return of about 41.6 times.
Earlier reports indicated that on November 24, 2024, according to The Wall Street Journal, Cantor Fitzgerald would acquire a 5% stake in Tether for $600 million. Current US Secretary of Commerce Howard Lutnick previously served as Cantor Fitzgerald’s CEO. After taking office as US Secretary of Commerce in May 2025, due to government ethical regulations, he transferred all his shares in Cantor Fitzgerald to his children and external investors.
