Tether, the issuer of the USDT stablecoin, has revealed a big stake in Antalpha, a lending and financing agency serving the bitcoin mining trade.
The place was disclosed in a regulatory submitting and was acquired by means of Antalpha’s 2025 preliminary public providing, the place Tether took greater than half of the inventory bought to buyers.
The Antalpha stake
Tether holds 1.95 million shares in Antalpha, representing roughly 8.2% of the corporate’s excellent fairness.
Antalpha operates as a key accomplice to Bitmain, the world’s largest producer of crypto mining {hardware}, extending loans secured by bitcoin and mining rigs to assist prospects finance gear purchases and working prices.
The corporate went public on Nasdaq in Could 2025, elevating roughly $49 million at an providing value of $12.80 per share.
Antalpha posted robust full-year 2025 outcomes, with income rising 68% to just about $80 million and web earnings rising greater than threefold to $18.5 million.
Inventory struggles
Regardless of the robust financials, shares of Antalpha (NASDAQ: ANTA) have struggled because the IPO, falling greater than 27% from their providing value to round $9.30.
A part of that stress doubtless displays a broader shift throughout the bitcoin mining sector, the place a number of public operators have been scaling again pure-play bitcoin mining in favor of AI and high-performance computing infrastructure.
Tether’s broader funding push
The Antalpha stake provides to a rising record of offers Tether has made throughout crypto, AI, and robotics.
In 2026, the agency co-led a $7.5 million spherical in Utexo, a startup constructing USDT settlement infrastructure on Bitcoin, and took part in a $5.2 million seed spherical for Ark Labs, which is creating programmable finance infrastructure on the community.
Tether additionally just lately backed a $134 million non-public placement tied to Stablecoin Improvement Company and took a strategic stake in sleep know-how agency Eight Sleep at a $1.5 billion valuation.
On the identical day because the Antalpha disclosure, RWA startup Kaio introduced Tether had joined its $8 million strategic funding spherical.