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Tether Takes 8.2% Stake in Antalpha, Backs Bitcoin Mining Finance
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With Tether, Antalpha is getting a financially strong partner by the side. The investment should further accelerate the expansion of Bitcoin-secured financing. Source: BTC-ECHO BTC-ECHO
Tether, the issuer of the USDT stablecoin, acquired a strategic stake of 8.2% in Antalpha, now is one of the largest shareholders of the mining financing firm after its initial public offer (OPI). The document presented to the SEC this Monday reveals that Tether now owns 1.95 million shares through related entities. It should be noted that, Antalpha offers Bitcoin-backed loan services and equipment financing to cryptocurrency mining operators, w…
Tether Reveals 1.95M-Share Stake in Antalpha IPO Deal
TLDR Tether acquired 1.95 million shares in Antalpha through the company’s 2025 Nasdaq IPO. The stake gives Tether about 8.2% ownership in the Bitmain-linked bitcoin mining finance firm. Antalpha raised about $49 million in its IPO at a price of $12.80 per share. The company reported nearly $80 million in 2025 revenue, up 68% year over year. Antalpha’s net income rose to $18.5 million, more than triple the prior year. Tether confirmed that it a…
Tether Takes 8.2% Stake in Antalpha, Expanding Mining Financing Ties
Tether has disclosed an 8.2% stake in Antalpha, acquiring about 1.95 million Antalpha shares through related entities. The position, disclosed in a Schedule 13D filed with the U.S. Securities and Exchange Commission, places the stablecoin issuer among Antalpha’s largest shareholders following the mining-focused lender’s May 2025 initial public offering. Giancarlo Devasini, Tether’s chairman, shares voting and dispositive power over the stake, ac…
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