Tether, Devasini Secure 8.2% Antalpha Stake as Bitcoin Mining Finance Gains Traction

Tether and chairman Giancarlo Devasini disclosed an 8.2% stake (1.95 million Class A shares) in Bitcoin mining finance firm Antalpha via Schedule 13D, acquired during its May 2025 IPO. This investment highlights Antalpha's strength—a $1.6 billion loan portfolio (end-2024), 2025 revenue of $79.7 million (+68% YoY), and net income of $18.5 million—driving shares up 7.2% to $9.97. Reports throughout April 20 emphasize Tether's crypto infrastructure push, signaling institutional flows that could lift Bitcoin sentiment near $75,750.