Tether Acquires 8.2% Stake in Antalpha, Gaining Exposure to Bitcoin Lending Platform

Gate News message, April 21 — Tether-affiliated entities disclosed a strategic investment in Antalpha Platform Holding Company on April 20, acquiring 1.95 million ordinary shares representing 8.2% ownership. The position was purchased at the company's 2025 IPO price of $12.80 per share, valuing the stake at approximately $25 million.

Antalpha operates as a fintech platform serving the Bitcoin mining ecosystem, offering loans backed by Bitcoin and mining-related collateral. The company reported a loan portfolio valued at approximately $1.6 billion at the end of 2024, with 2025 revenue reaching nearly $80 million and net income of $18.5 million. Tether chairman Giancarlo Devasini holds voting and dispositive power over the position through his controlling interest in Tether Global Investments Fund, signaling a strategic rather than passive investment.

Antalpha shares traded around $9.30 following the disclosure, representing a decline of more than 27% below the IPO price, reflecting broader market repricing in the Bitcoin infrastructure sector.