Tether holds an 8.2% stake in Bitcoin mining company Antalpha

Golden Finance reports that stablecoin issuer Tether and several of its subsidiaries, along with its chairman Giancarlo Devasini, collectively hold 1.95 million shares of Bitcoin mining financial services company Antalpha, accounting for 8.2% of its total shares outstanding after its initial public offering.
According to disclosure documents, Antalpha raised approximately $49.3 million in its IPO, with an offering price of $12.80 per share, and Tether actually subscribed to about half of the issued shares.
Antalpha has close ecological ties with Bitmain, mainly providing Bitcoin collateralized lending and mining equipment supply chain financing, with a loan portfolio of about $1.6 billion by the end of 2024.

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