Tether has acquired an 8.2% stake in Antalpha, strengthening its position in the crypto infrastructure sector and signaling continued expansion beyond stablecoins.
The investment, disclosed in a filing with the US Securities and Exchange Commission, shows that Tether holds approximately 1.95 million shares in Antalpha through affiliated entities. Giancarlo Devasini, one of the company’s key executives, shares control over the voting and disposition of the stake.
Antalpha operates as a financing platform for Bitcoin mining companies, offering loans backed by Bitcoin as well as equipment financing solutions. The firm reported a loan portfolio of around $1.6 billion at the end of 2024 and maintains close ties to Bitmain, one of the largest suppliers of mining equipment globally.
The company went public in 2025, raising approximately $49.3 million through its initial public offering. Since then, Antalpha has reported strong growth, with revenue rising 68% year over year to $79.7 million and net income more than tripling to $18.5 million. Its shares climbed over 7% in early trading following news of Tether’s investment.
Tether, the issuer of USDT, remains the dominant player in the stablecoin market, with a market capitalization of roughly $187 billion. The move into Antalpha aligns with its broader strategy of deploying profits into infrastructure and financial services tied to digital assets.
In recent months, Tether has ramped up investments across multiple sectors. The company participated in funding rounds for tokenization platforms, backed fintech firms and expanded into areas such as artificial intelligence and real-world assets. Notable deals include stakes in digital asset bank Anchorage Digital and precious metals platform Gold.com.
Chief executive Paolo Ardoino has previously stated that Tether has invested in more than 120 companies using profits generated by its operations rather than its stablecoin reserves.
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