Antalpha's net income in the first quarter increased by 423% year-on-year, and Tether holds 8.1% of its shares

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