ChainCatcher report, according to TheEnergyMag, Tether and several of its subsidiaries, along with its chairman Giancarlo Devasini, collectively hold 1.95 million common shares of Antalpha, a Bitcoin mining financial services company, representing 8.2% of its total post-IPO equity. Disclosure documents show that Antalpha raised approximately $49.3 million in its initial public offering at a price of $12.80 per share, with Tether subscribing to roughly half of the offered shares. Antalpha maintains close ties with the Bitmain ecosystem, primarily providing Bitcoin-backed lending and mining equipment supply chain financing; its loan portfolio totaled approximately $1.6 billion as of the end of 2024.
Tether Holds an 8.2% Stake in Bitcoin Mining Company Antalpha
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Summary
Bitcoin breaking news: Tether and its subsidiaries, including chairman Giancarlo Devasini, own 1.95 million shares in Antalpha, representing an 8.2% stake following its IPO. The company raised $49.3 million at $12.80 per share, with Tether purchasing nearly half. Antalpha, affiliated with Bitmain, provides Bitcoin-collateralized lending and mining equipment financing, with a loan portfolio totaling $1.6 billion as of 2024. Bitcoin news continues to highlight significant institutional activity in the mining sector.
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