Anchorage Digital reportedly cuts 17% of staff amid crypto downturn
Anchorage Digital has reportedly cut 17% of its workforce after securing a $100 million Tether investment earlier this year. The Information reported on Oct. 2, citing people familiar with the matter, that McCauley had told employees about the layoffs during the week. The report placed the reduction against a prolonged downturn in crypto markets. Anchorage Digitals reported cuts could affect about 68 jobs In congressional testimony in February, McCauley put Anchorages global workforce at approximately 400 employees. Applying the reported 17% reduction to that figure would amount to about 68 positions, provided the companys headcount had stayed near the same level. The February figure covers employees globally, so the calculation represents a possible company-wide reduction rather than a confirmed number of U.S. job losses. According to the supplied report, Anchorage received a $4.2 billion valuation earlier this year. The workforce reduction follows both that valuation and fresh investment from Tether, which already works with Anchorage through its U.S.-focused stablecoin, USAT. The Information cited weak crypto markets as the backdrop to the cuts. The supplied account also noted that Bitcoin briefly recovered above $87,000 on Friday but remained below its $126,000 peak from October 2025. Tether invested $100 million after USATs launch Earlier coverage by crypto.news recorded Anchorages $100









