Tether Enters Bitcoin Mining Finance with Antalpha Stake

Tether, the issuer of the largest stablecoin by market value, has made a significant move into bitcoin mining finance with its acquisition of nearly 2 million shares of Antalpha. This investment adds to Tether's growing portfolio of deals in crypto infrastructure and financial services, including tokenization, stablecoin settlement, mining-related services, and digital asset banking.

Antalpha provides bitcoin-backed loans and equipment financing to miners through its close ties with Bitmain, one of the largest suppliers of crypto mining hardware. The company raised about $49.3 million in its 2025 IPO at $12.80 per share and has reported strong revenue growth in recent years.

The stake was disclosed in a Schedule 13D filing submitted to the US Securities and Exchange Commission, which shows that Tether holds about 1.95 million shares through related entities. The document also states that Giancarlo Devasini, Tether's chairman, shares voting and dispositive power over the stake.