Antalpha Nets $100M Unrealized Gain on Tether Gold, Shifts $15M to Cobo
Nasdaq-listed fintech firm Antalpha has amassed over $100 million in unrealized profits from its strategic holdings of Tether Gold (XAUT). The company acquired $241 million worth of the gold-backed tokens at an average price of $3,693 per unit, equivalent to 1.8 tonnes of physical gold. As bullion prices surged to $5,600, the position's value appreciated sharply.
Blockchain tracker Arkham reveals Antalpha recently moved $15 million worth of XAUT to institutional custody platform Cobo. The transfers coincide with Bitcoin's retreat from all-time highs in late 2025, suggesting potential portfolio rebalancing toward haven assets. Gold's traditional role as an inflation hedge gained renewed appeal during crypto market volatility.