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Antalpha reports a 423% increase in Q1 profits, Tether purchases 8.1% of shares
Antalpha, a financial services company focused on the Bitcoin mining ecosystem, reported a net profit for Q1 2025 that increased by 423% year-on-year, reaching 1.46 million USD. Revenue rose by 41%, reaching 13.6 million USD.
Antalpha provides lending, financing, and digital asset risk management services, primarily for Bitcoin miners through the Antalpha Prime platform. Quarterly revenue comes from technology platform fees of 3.5 million USD (up 286%) and supply chain financing fees of 10.1 million USD (up 15%).
The company listed on Nasdaq in May, raising 56.7 million USD through its IPO. Tether purchased 1.9 million shares, equivalent to 8.1% equity. Antalpha also bought 20 million USD Tether Gold (XAUt) to hedge against macro risks.
The company's stock decreased by 4.69% during the session but increased by 6.64% after trading hours. Antalpha forecasts that the revenue for the second quarter will reach 16–17 million USD.