Bitcoin mining firm Antalpha plans to invest $40 million in Tether Gold by June 2026, aiming to diversify reserves with blockchain-backed assets
Antalpha, the fintech platform that services the Bitcoin mining ecosystem, has announced its intention to invest $40 million in Tether Gold as a precaution against economic volatility.
Antalpha intends to diversify its holdings in response to macroeconomic volatility by investing in Tether’s digital gold token, XAUt, as indicated in its most recent press release.
The platform selected the token due to its gold-backed value, which is considered appropriate for institutional asset allocation. This value is well-suited for supporting various financial applications and withstanding crypto market cycles.
Consequently, the organization intends to allocate a maximum of $40 million from its portfolio to XAUt by June 30, 2026. The Tether-issued token is on the brink of becoming the “cornerstone collateral asset” of the Bitcoin mining platform’s loan structure.
Antalpha intends to acquire additional digital assets, such as XAUt, as part of its ongoing investment strategy to secure funding for its lending operations.
The price of Tether Gold has decreased by 0.9% in the past 24 hours, which is consistent with the price fluctuations of actual gold assets as of the time of publication. The token is currently trading at $3,275. It has amassed a market capitalization of $807 million and a daily trading volume of $32 million.
Furthermore, Antalpha intends to introduce a new portal on its website to offer real-time market data on XAUt and its underlying tangible gold assets.
In addition to Bitcoin and other mining collateral for crypto financing, the platform will accept XAUt and GPU for AI computing as collateral loans. Additionally, Antalpha intends to broaden its margin loan portfolio by offering Ethereum margin loans on the Antalpha Prime platform through its partnership with Northstar.
Paul Liang, Antalpha’s Chief Financial Officer, stated that the company’s new “digital gold” strategy is designed to address its clients’ diverse requirements and lead the digital asset financing industry by enhancing its institutional-grade lending solutions.
“We are building Antalpha for the long term, with transparency, prudence and risk management at the core,” said Liang.
The most recent attestation report from Tether, which was released in April of last year, indicated that the company had amassed over 7.7 tons of physical gold to support its tokenized asset, Tether Gold. The stablecoin issuer asserted that each XAUt token is secured by pure physical gold.
