Antalpha's net revenue in the first quarter increased by 423% year-on-year, with Tether holding 8.1% of the shares

Odaily Planet Daily News: Antalpha, a financial services company in the Bitcoin mining ecosystem, released its Q1 2025 financial report, with a net income of $1.46 million, a year-on-year increase of 423%; The total revenue was 13.6 million US dollars, a year-on-year increase of 41%. The company provides digital asset lending and risk management services through the Antalpha Prime platform, with a Bitcoin lending technology platform fee revenue of $3.5 million, a year-on-year increase of 286%; The financing fee income for supply chain loan technology was 10.1 million US dollars, a year-on-year increase of 15%. Antalpha went public on NASDAQ in May with an IPO raising $56.7 million, and Tether acquired 8.1% of the shares. The company expects its second quarter revenue to reach $16 million to $17 million. （The Block）