Antalpha’s Q1 Net Income Surges 423% Year-on-Year, Tether Holds 8.1% Stake
Odaily Planet Daily reported that Antalpha, a financial services company in the Bitcoin mining ecosystem, released its financial report for the first quarter of 2025, with net income reaching $1.46 million, a year-on-year increase of 423%. Total revenue was $13.6 million, up 41% year-on-year. The company provides digital asset lending and risk management services through the Antalpha Prime platform, with revenue from Bitcoin loan technology platform fees reaching $3.5 million, a 286% year-on-year increase, and supply chain loan technology financing fees totaling $10.1 million, up 15% year-on-year. Antalpha was listed on Nasdaq in May, raising $56.7 million in its IPO, with Tether acquiring an 8.1% stake. The company expects second-quarter revenue to reach between $16 million and $17 million. (The Block)
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