Stripe’s next tender points to at least $140 billion. The valuation matters for crypto rails because Stripe has been buying stablecoin tooling, and private pricing now signals how payments incumbents value that optionality. It also gives employees liquidity without an initial public offering (IPO).
Bloomberg reported the company is arranging the offer, citing a person familiar with terms that could change. The prior reference point was $107 billion in a 2025 deal. Axios first disclosed the $140 billion valuation talk, and Stripe declined to comment. Stripe has run regular tenders since 2024 for employee sales.
Stripe valuation: why keep using tenders instead of an IPO?
The structure repeats Stripe’s employee-liquidity playbook since 2024. The company last raised more than $6.5 billion in Series I funding in 2023, with Thrive Capital among lead investors, and it reported full-year profitability in 2024. That combination reduces pressure for an IPO timetable.
The new mark implies a sharp reset in private pricing. At $140 billion, the tender sits more than $30 billion above the $107 billion valuation cited for last year, per Bloomberg and Axios. Repeated tenders can mute public price discovery on margins and stablecoin exposure.
In January, co-founder and president John Collison told Bloomberg at the World Economic Forum in Davos, “We’re still not in any rush,” about a listing. The tender cadence lets Stripe keep that position. It also signals stablecoin settlement is being built into core payments, not treated as a side business that needs public capital.
Stripe has been adding stablecoin tooling through M&A. It acquired stablecoin infrastructure platform Bridge and crypto wallet provider Privy, and it has linked the deals to integrating stablecoins into payments. It also cut about 300 employees, roughly 3.5% of staff. Next catalyst is whether the tender clears and products expand in 2026.
