Anchorage Digital Announces $100 Million Strategic Investment from Tether and First-Ever Employee Tender Offer at $4.2 Billion Valuation

Anchorage Digital, America’s first federally chartered crypto bank for innovators and investors, today announced a $100 million strategic equity investment from Tether, the largest company in the digital asset ecosystem. The investment values Anchorage Digital at $4.2 billion, reinforcing Anchorage Digital’s position as one of the most valuable and innovative companies in the digital asset ecosystem.

The investment follows a period of deep collaboration between the two firms, including Tether’s selection of Anchorage Digital Bank N.A. as its U.S. stablecoin issuer. That decision—and the subsequent investment—reflect growing conviction from one of the most influential companies in global digital finance, based on firsthand experience operating alongside Anchorage Digital Bank’s regulated, institutionally scaled infrastructure.

In connection with the investment, Anchorage Digital also announced its first-ever employee tender offer, providing liquidity to long-tenured team members who have helped build the company over nearly a decade. Given the company’s strong capital position, Anchorage Digital elected to prioritize employee liquidity rather than raise additional primary capital, enabling team members to sell a portion of their equity at the same $4.2 billion valuation. The tender offer delivers secondary-market price discovery while preserving the company’s long-term capital structure, governance, and independence.

“This moment reflects years of deliberate execution. Tether’s investment is a strong signal of conviction from one of the most scaled and sophisticated operators in the digital asset ecosystem. At the same time, launching our first employee tender offer allows us to reward the builders who believed early and stayed the course. We’ve always said we’re building a generational company—and this is what that looks like in practice.” —Nathan McCauley, Co-Founder and CEO, Anchorage Digital.

Founded in 2017, Anchorage Digital operates at the intersection of security, regulation, and digital asset innovation. As the first federally chartered digital asset bank in the United States, the company provides institutions with trading, staking, custody, governance, settlement, and stablecoin issuance services. Anchorage Digital has spent the last five years operating continuously under this regulatory framework, building infrastructure designed for durability.

Tether’s investment reflects its view that Anchorage Digital is foundational to the next phase of institutional digital asset adoption. The relationship began with Tether’s selection of Anchorage Digital to issue USA₮, its U.S.-focused, dollar-backed stablecoin, which is issued by Anchorage Digital Bank, N.A. and made available to institutions and the public sector seeking regulated, bank-issued stablecoin infrastructure. The investment follows that operational collaboration and deepens the alliance between the two companies.

“Tether exists to challenge the status quo and build global infrastructure for freedom. Our investment in Anchorage Digital reflects a shared belief in the importance of secure, transparent, and resilient financial systems. Anchorage Digital has set the standard for institutional digital asset infrastructure and U.S. stablecoin issuance, and we are pleased to support its continued growth.” —Paolo Ardoino, CEO, Tether

For Anchorage Digital, the investment underscores growing external demand for exposure to regulated digital asset infrastructure. The employee tender offer further demonstrates the company’s financial strength and long-term orientation, offering liquidity without altering strategic direction.

“We’ve been fortunate to retain an extraordinary team over many years,” McCauley added. “This tender offer is about doing right by the people who built this company—while continuing to invest aggressively in the future.”

Tether’s $100 million investment and Anchorage Digital’s employee tender offer together mark a significant milestone for the company, reinforcing its momentum, market leadership, and role in shaping the future of institutional digital finance.

About Tether and USD₮

Tether is a pioneer in the field of stablecoin technology, driven by an aim to revolutionize the global financial landscape. With a mission to provide accessible and efficient financial, communication, artificial intelligence, and energy infrastructure. Tether enables greater financial inclusion, communication resilience, fosters economic growth, and empowers individuals and businesses alike.

As the creator of the largest, most transparent, and liquid stablecoin in the industry, Tether is dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralized finance.