Another year, another Stripe tender offer where investors buy shares from employees that values the company at an enormous step up.

On Tuesday, Stripe announced that this latest secondary transaction now values the company at $159 billion. Investors buying the shares include Thrive Capital, Coatue, Andreessen Horowitz, and Stripe itself.

In February 2025, Stripe announced its previous tender offer, which valued the company at $91.5 billion. So that’s about a 74% increase in valuation over the year. The annual announcement isn’t by chance. Stripe has timed this news with its annual letter from founders Patrick and John Collison that showcases its year of product releases, and some insights into global usage of its products for a year.

For instance, Stripe says that stablecoin payments volume doubled on its platform to around $400 billion in 2025, 60% of which it estimates comes from B2B payments. That growth isn’t surprising. Stripe has invested heavily in crypto foundations recently, acquiring crypto wallet service Privy in July, and unveiling its own blockchain for payments, Tempo, in September.