Richard Heathcote, a former chief investment officer at Tether, is reportedly seeking buyers for a portion of his stake in Tether Holdings. Bloomberg and outlets including The Block and CoinDesk say Heathcote plans to sell a small amount of his holdings following his shift earlier this year from overseeing the company’s investment portfolio to an advisory role. According to the reports, Heathcote holds about 1.26% in Tether, and he is looking to sell part of that position rather than the entire stake. CoinDesk adds that Heathcote is working with investment bank PJT Partners to identify potential buyers. The coverage does not specify the size of the stake to be sold beyond describing it as “small” or only “part” of his holdings. None of the sources provide details on valuation, timing, or whether any sale has been completed. The reports also reference information from people familiar with the matter.