PANews April 20 news, according to TheEnergyMag report, the stablecoin issuer Tether holds approximately 1.95 million shares of common stock in the bitcoin mining financial service provider Antalpha through several subsidiaries and its chairman Giancarlo Devasini , accounting for 8.2% of the company's total equity after the IPO . Antalpha issued about 3.82 million shares at 12.8 dollars per share during the IPO , raising approximately 49.3 million dollars, with Tether actually subscribing to about half of the shares, becoming one of its cornerstone investors. Antalpha has a close relationship with Bitmain , mainly providing bitcoin collateral loans and mining machine supply chain financing to global bitcoin mining companies, with its approximately 1.6 billion dollar loan portfolio primarily relying on third-party funds, not leaving credit risk on its own balance sheet.

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