
Tether buys 8.2% stake in Antalpha mining platform
Tether has acquired an 8.2% stake in Antalpha, making it one of the company’s largest shareholders following its 2025 IPO.
The stake amounts to roughly 1.95 million shares, with Tether chairman Giancarlo Devasini holding voting and dispositive power over the position.
The company said it may adjust its holdings over time depending on market conditions and strategic considerations.
Antalpha provides bitcoin-backed lending and equipment financing to mining firms, with a reported loan portfolio of about $1.6 billion as of the end of 2024.
The firm raised $49.3 million in its IPO and reported strong growth, with 2025 revenue rising 68% year-on-year to $79.7 million and net income more than tripling to $18.5 million.
Shares in Antalpha rose about 7.2% to around $9.97 following the disclosure, reflecting investor interest in the deal.
The investment is part of Tether’s broader strategy to expand into crypto infrastructure, alongside recent moves into tokenisation, AI, financial services and digital asset banking.
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