Tether Expands Crypto Infrastructure Footprint with Strategic Stake in Antalpha

Tether, the issuer of the world's largest stablecoin USDT, has officially taken an 8.2% ownership stake in Antalpha, a specialized finance platform for Bitcoin mining operators. According to a Schedule 13D filing with the US Securities and Exchange Commission, Tether now holds 1.95 million shares through related entities, with Chairman Giancarlo Devasini sharing voting power over the position. Antalpha provides critical Bitcoin-backed lending and equipment financing, maintaining a loan portfolio of approximately $1.6 billion as of the end of 2024. The company is closely integrated with the Bitmain ecosystem, one of the primary suppliers of mining hardware globally. Following the announcement, Antalpha shares rose approximately 7.2% to around $9.97 in early trading. Financial performance for Antalpha remains strong, with 2025 revenue reaching $79.7 million—a 68% year-over-year increase—while net income more than tripled to $18.5 million. This growth underscores the increasing demand for institutional-grade financing within the Bitcoin mining sector. This acquisition aligns with Tether's aggressive expansion into AI, tokenized assets, and financial services. Recent strategic moves include an $8 million investment in the Kaio tokenization protocol, a $150 million stake in Gold.com, and a $100 million investment in Anchorage Digital. CEO Paolo Ardoino has clarified that these venture investments are funded via company profits rather than stablecoin reserves. This diversification comes as Tether reportedly seeks new capital at a valuation of $500 billion.