Gate News message, April 20 — Tether and its subsidiaries, along with CEO Giancarlo Devasini, hold 1.95 million shares of common stock in Antalpha, a Bitcoin mining finance company, representing 8.2% of post-IPO shares outstanding. Antalpha’s IPO raised approximately $49.3 million at an offering price of $12.80 per share, with Tether purchasing roughly half of the issued shares.
Antalpha operates closely within the Bitmain ecosystem and primarily provides Bitcoin-collateralized lending and mining equipment supply chain financing. As of the end of 2024, the company’s loan portfolio totaled approximately $1.6 billion.
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