Tether Shows Interest As Bitmain’s Major Lending Partner Files for NASDAQ IPO
The post Tether Shows Interest As Bitmain’s Major Lending Partner Files for NASDAQ IPO appeared on BitcoinEthereumNews.com.
Tether’s Next Bet:- Crypto IPOs this year have surged this year. eToro, Circle, Animoca Brands, Kraken, are among the top crypto companies that are eyeing IPO in 2025. Adding on to this, in a latest update, Singapore-based Antalpha has also launched its roadshow for its upcoming IPO on NASDAQ. According to the Form-1 SEC filing Antalpha has filed, the stablecoin giant Tether will be buying the company shares too. Antalpha is a key lending partner of the Bitcoin mining giant and provides Bitcoin supply and margin laons. Its subsidiary Antalpha Prime Technology platform give its clients digital asset loans, such as borrowing Stablecoins of fait against crypto collateral. It also manages a web-3 focused funding venture, Antalpha Ventures. It has actively invested in a diverse portfolio of early-stage Web3, blockchain, and digital asset infrastructure companies. Few of the names include Avalon Labs, Solv Protocol, Orderly Network, DAOBase, Mint Blockchain, CoinFX, among others. Tether to Invest in Antalpha IPO: All you need to Know As per the press release accessed by Coingape, Antalpha plans to offer approximately 3.85 million ordinary shares under the ticker symbol “ANTA.” The expected price range is between $11.00 and $13.00 per share. The company aims to raise approximately $46 million through the IPO. This would value it at around $277 million at the midpoint of the proposed price range. Fort the financials, in the 12 months ending December 31, 2024, Antalpha reported revenue of $47 million. Interestingly, Tether, the issuer of the USDT stablecoin, will be purchasing up to $25 million worth of shares in the offering, representing about 54% of the deal. This will be the latest investment of the company after it recently forayed into AI with Tether.ai. Tether’s Investment Antalpha’s move to go public comes amid a resurgence in crypto companies going public particularly…
Filed under: News - @ May 8, 2025 12:14 am