Tether Holds 8.2% of Antalpha After Bitcoin Mining Finance Firm’s IPO
Tether disclosed its 8.2% post-IPO stake in Antalpha, which raised about $49 million in its May 2025 Nasdaq listing as its shares later fell despite strong revenue growth.
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Fact Check
The strongest corroborated part of the claim is that Tether disclosed an 8.2% post-IPO stake in Antalpha. Multiple independent sources found via search, including the Yahoo Finance result titled 'Tether Takes 8.2% Stake in Antalpha as Bitcoin Mining Finance ...' and the TradingView/Cointelegraph result, agree that a Schedule 13D reported about 1.95 million Class A shares, equal to 8.2%. The MEXC result also aligns on the stake size and says Antalpha's May 2025 IPO raised about $49.3 million, which matches the claim's 'about $49 million.' However, this run did not retrieve the primary SEC filing or Antalpha IPO prospectus directly, and the claim's added detail that the shares later fell despite strong revenue growth was not directly substantiated from fetched filings or official market data here. Therefore the overall claim is likely true, but with only medium confidence because part of it remains indirectly supported.
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Summary
Tether disclosed that it holds 1.95 million Antalpha shares, equal to 8.2% of the company’s post-IPO share count. Antalpha, a Bitcoin mining finance firm with ties to Bitmain, raised about $49 million in its May 2025 Nasdaq initial public offering by selling roughly 3.82 million shares at $12.80 each. The stock later fell more than 27% on Monday to about $9.30, even as Antalpha reported 68% revenue growth in 2025 to nearly $80 million.
Terms & Concepts
- IPO: Initial public offering, when a private company sells shares to public investors for the first time.
- Bitcoin mining: The process of validating blockchain transactions and earning new Bitcoin using specialized computing hardware.
- Loan portfolio: The total value of loans managed or held by a financial firm.