Tether holds an 8.2% stake in the Bitcoin mining company Antalpha
According to TheEnergyMag, stablecoin issuer Tether and its chairman Giancarlo Devasini jointly hold 1.95 million shares of common stock in Bitcoin mining financial services company Antalpha, accounting for 8.2% of its total equity after the initial public offering.
Disclosure documents show that Antalpha raised approximately $49.3 million in this initial public offering, with an issue price of $12.8 per share, and Tether actually subscribed to about half of the issued shares.
Antalpha has a close relationship with the Bitmain ecosystem, primarily providing Bitcoin collateralized lending and mining equipment supply chain financing, with a loan portfolio of approximately $1.6 billion by the end of 2024.
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