PANews reported on April 20th that, according to TheEnergyMag , stablecoin issuer Tether, through multiple subsidiaries and Chairman Giancarlo Devasini , holds approximately 1.95 million common shares of Bitcoin mining financial services provider Antalpha , representing 8.2% of the company's total share capital after its IPO . Antalpha issued approximately 3.82 million shares at $ 12.80 per share in its IPO , raising approximately $ 49.3 million. Tether effectively subscribed to about half of these shares, becoming one of its cornerstone investors. Antalpha has a close relationship with Bitmain and primarily provides Bitcoin-secured loans and mining equipment supply chain financing to global Bitcoin mining companies. Its approximately $ 1.6 billion loan portfolio relies heavily on third-party funding, avoiding placing credit risk on its own balance sheet.