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Odaily News Tether disclosed in a regulatory filing that it holds 1.95 million shares in Antalpha through the company's 2025 initial public offering, representing approximately 8.2% of the post-IPO outstanding shares. Antalpha provides lending and financing solutions for the Bitcoin mining industry and is a key partner of Bitmain. Antalpha listed on Nasdaq in May 2025, raising approximately $49 million with an offering price of $12.80 per share. Tether subscribed to over half of the offered shares, becoming one of the largest investors. Its full-year 2025 revenue increased to nearly $80 million, with net profit rising to $18.5 million. However, its stock price fell over 27% this Monday, trading at around $9.30 per share.
According to TheEnergyMag, Tether, the stablecoin issuer, along with several of its subsidiaries and its Chairman Giancarlo Devasini, collectively hold 1.95 million common shares of Bitcoin mining financial services company Antalpha—representing 8.2% of Antalpha’s total post-IPO share capital. Disclosure documents indicate that Antalpha raised approximately $49.3 million in its initial public offering (IPO), with a share offering price of $12.80 per share; Tether subscribed to roughly half of the issued shares. Antalpha maintains close ties with the Bitmain ecosystem and primarily offers Bitcoin-collateralized lending and financing for mining hardware supply chains. As of the end of 2024, its loan portfolio stood at approximately $1.6 billion.