Tether Acquires Significant Stake in Bitcoin Mining Finance Company Antalpha

Tether, a leading stablecoin issuer, has made a significant investment in the cryptocurrency space by acquiring an 8.2% stake in Antalpha, a Bitcoin mining finance company listed on Nasdaq.

According to regulatory filings, Tether holds 1.95 million shares through affiliated entities, with Giancarlo Devasini, Tether's chairman, controlling shared voting and dispositive power over these shares. The investment is part of a broader push by Tether into various industries, with the company having backed over 120 businesses through its venture arm.

Antalpha offers Bitcoin-backed loans and equipment financing to mining operators, with a loan portfolio standing at roughly $1.6 billion as of December 2024. The company has seen significant growth in revenue, with full-year 2025 earnings reaching $79.7 million, up 68% from the prior year.

Tether's investment in Antalpha is just one part of its larger investment strategy, which includes a recent $100 million investment in digital asset bank Anchorage Digital and a $150 million stake in Gold(dot)com. The company has stated that all investments are funded from profits, not from USDT reserves.