Based on BlockBeats, on September 24, 2025, Tether is seeking to raise up to $20 billion at a $500 billion valuation. At this valuation, Cantor Fitzgerald's 5% stake, acquired for $600 million, is now worth $25 billion, representing a 41.6x return. Earlier reports indicated that in November 2024, Cantor Fitzgerald agreed to buy 5% of Tether for $600 million. Howard Lutnick, former CEO of Cantor Fitzgerald and current U.S. Secretary of Commerce, transferred his shares to family members and external investors in May 2025 in compliance with government ethics rules.
Cantor Fitzgerald's 5% Tether Stake Valued at $25 Billion, 41.6x Return
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