Tether holds 1.95 million shares through affiliated entities. Giancarlo Devasini, Tether’s chairman, controls shared voting and dispositive power over those shares.
Tether News
Tether holds 1.95 million shares through affiliated entities. Giancarlo Devasini, Tether’s chairman, controls shared voting and dispositive power over those shares. The filing notes the position may be increased or reduced depending on market conditions.
Antalpha went public on Nasdaq in May 2025, raising approximately $49.3 million at $12.80 per share. Tether had previously flagged interest in acquiring up to $25 million worth of shares in the offering. The stock has since dropped more than 27% from its listing price, trading between $9.30 and $9.97 on Monday. Part of that pressure reflects a wider industry shift away from pure-play Bitcoin mining toward AI and high-performance computing infrastructure.
The Antalpha deal is part of a broader investment push by Tether. On the same day, real-world asset tokenization firm Kaio confirmed Tether joined its $8 million strategic funding round. In February, Tether put $100 million into federally chartered digital asset bank Anchorage Digital and paid $150 million for a roughly 12% stake in Gold(dot)com. In March, it led a $50 million investment in sleep technology company Eight Sleep, valuing the business at $1.5 billion.
Tether is also reportedly exploring a new capital raise at a $500 billion valuation and has said it may delay the process if investor demand does not meet expectations.
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