Tether has acquired an 8.2% stake in Antalpha, becoming one of the company’s largest shareholders following its May 2025 initial public offering (IPO), according to a Monday filing.
The Schedule 13D filing with the US Securities and Exchange Commission indicates that Tether now holds 1.95 million shares through related entities, with Giancarlo Devasini, chairman of Tether, sharing voting and dispositive power over the position.
The filing notes that Tether and its related entities may adjust their holdings over time based on market conditions and other factors.
Antalpha offers Bitcoin-backed lending and equipment financing to mining operators, with a loan portfolio of approximately $1.6 billion as of the end of 2024. The company is closely connected to the Bitmain ecosystem, a leading mining hardware supplier.
Antalpha raised approximately $49.3 million in its IPO last year at $12.80 per share, according to its prospectus. Tether had previously expressed interest in purchasing up to $25 million in shares.
Antalpha reported 2025 revenue of $79.7 million, a 68% year-over-year increase. Net income rose to $18.5 million, more than tripling from the previous year.
Source: X.com
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