Bitcoins <\/p>\n
Tether<\/a>-affiliated entities disclosed an 8.2% stake in Antalpha Platform Holding Company, giving the stablecoin group exposure to a Bitcoin-backed lending business closely tied to mining hardware giant Bitmain.<\/p>\n A Schedule 13D showed Tether Investments, S.A. de C.V. and related persons beneficially owned 1,950,000 Antalpha ordinary shares. The filing<\/a> said the position represented 8.2% of Antalpha\u2019s outstanding ordinary shares, based on 23,677,500 shares outstanding after the company\u2019s 2025 IPO.<\/p>\n The shares were acquired in Antalpha\u2019s initial public offering at the initial offering price, according to the filing. Market coverage and IPO documents put that price at US$12.80 (AU$17.92) per share, with the offering raising roughly US$49.3 million (AU$69 million).<\/p>\n Read more: $15M Crypto Hack Forces Grinex Shutdown Amid Claims of State-Level Attack<\/a><\/strong><\/p>\n Antalpha describes itself as a fintech platform serving the Bitcoin<\/a> mining ecosystem. The business lends against Bitcoin and mining-related collateral, with its current loan portfolio at about US$1.6 billion (AU$2.24 billion) at the end of 2024, with 2025 revenue rising to nearly US$80 million (AU$112 million).<\/p>\n Net income reportedly reached US$18.5 million (AU$25.9 million) in 2025, making the company profitable as demand for mining finance and Bitcoin-backed lending expanded. That growth profile helps explain why a Tether-linked vehicle would seek exposure beyond stablecoin issuance.<\/p>\n The filing also showed Tether chairman Giancarlo Devasini shared voting and dispositive power over the position through his controlling interest in Tether Global Investments Fund. That structure makes the investment a strategic signal, not just a passive market purchase.<\/p>\n Antalpha shares were trading around US$9.30 (AU$13.02) after the disclosure, more than 27% below the US$12.80 (AU$17.92) IPO price. The discount gives Tether exposure to a public Bitcoin-infrastructure company at a time when the sector is still repricing after a volatile listing environment.<\/p>\nMining And Lending<\/h2>\n