Tether holds an 8.2% stake in Bitcoin mining company Antalpha.

According to Mars Finance, several subsidiaries of stablecoin issuer Tether and its chairman, Giancarlo Devasini, jointly hold 1.95 million ordinary shares of Antalpha, a Bitcoin mining financial services company, representing 8.2% of its total share capital after its initial public offering (IPO). Disclosure documents show that Antalpha raised approximately $49.3 million in its IPO at a price of $12.8 per share, with Tether subscribing to about half of the issued shares. Antalpha has a close relationship with the Bitmain ecosystem, primarily providing Bitcoin-collateralized lending and mining equipment supply chain financing, with a loan portfolio of approximately $1.6 billion as of the end of 2024.