BlockBeats report: On April 20, Tether disclosed in a regulatory filing submitted on Monday that it holds 1.95 million shares in Antalpha through its IPO, representing approximately 8.2% of the outstanding shares post-IPO. Antalpha is a financial company providing lending and financing solutions for the Bitcoin mining industry and a key partner of Bitmain, the world’s largest manufacturer of cryptocurrency mining hardware.
Antalpha listed on Nasdaq in May 2025, raising approximately $49 million at an offering price of $12.80 per share. Tether subscribed to more than half of the shares offered to investors, becoming one of the largest investors in the offering at the time.
Despite Antalpha's latest earnings report showing strong growth—full-year 2025 revenue increased 68% to nearly $80 million, and net profit tripled to $18.5 million—its stock performed poorly, dropping over 27% on Monday to trade at approximately $9.30 per share. Analysts attribute part of the pressure to several Bitcoin mining companies shifting from pure mining operations toward AI and high-performance computing infrastructure.
This investment is the latest in Tether’s series of transactions in cryptocurrency, AI, and robotics. Recently, Tether also invested in sleep technology company Eight Sleep and participated in the strategic funding of RWA startup Kaio.