 ▲ Tether Gold (XAUt) / AI-generated image |
A major institution seeking refuge from volatility in the cryptocurrency market turned to gold and reaped massive profits approaching $100 million through an investment in Tether Gold (XAUt), subsequently moving a significant amount of funds.
According to crypto media outlet CryptoPotato on March 11 (local time), Antalpha, a Nasdaq-listed digital asset financial platform, recorded $100 million in short-term gains through a strategic bet on Tether Gold. As gold prices recently surged to record highs, surpassing $5,000 per ounce, Antalpha began realizing profits by transferring part of its Tether Gold holdings to exchanges. On-chain data analysis confirmed that Antalpha recently deposited 3,000 XAUt, worth approximately $15.39 million, to cryptocurrency exchange Bybit.
This profit marks the culmination of Antalpha’s aggressive gold token accumulation strategy that began in the second half of 2025. Through its subsidiary Aurelion, Antalpha purchased $134 million worth of Tether Gold at an average price of $4,021.81, establishing Nasdaq’s first Tether Gold treasury structure. The company currently holds a total of 59,033 XAUt, with an overall asset value exceeding $303 million. Excluding the Tether issuer, this represents the largest Tether Gold holding in the world.
Experts note that Antalpha chose tokenized gold over Bitcoin (BTC) as a hedge against geopolitical instability and inflation. Amid escalating tensions between Iran and Israel, rising oil prices, and declining fiat currency values, Tether Gold—fully backed 1:1 by physical gold—has been evaluated as one of the safest alternative assets for institutional investors. With unrealized gains approaching $100 million due to rising gold prices, Antalpha appears to have decided to move funds to secure portfolio liquidity.
Analysts suggest that this fund movement goes beyond simple selling and is aimed at securing additional capital for further investment. In its recent earnings announcement, Antalpha signaled plans to expand new financial products, including loans for Bitcoin mining data centers, and is likely to reinvest profits generated from its gold investment. Moreover, as major cryptocurrencies such as Ethereum (ETH) and XRP undergo market corrections, the secured cash liquidity could serve as powerful buying momentum when the market rebounds.
The tokenized finance market, which combines digital and real-world assets, is growing rapidly on the back of successful cases involving major institutions like Antalpha. Lending and collateral services utilizing Tether Gold are breaking down barriers between traditional finance and digital assets, presenting new revenue models for institutional investors. Leveraging its secured profits and capital strength, Antalpha plans to further enhance its digital asset banking system and continuously expand its influence in the global financial market.
Disclaimer: This article is for investment reference only, and no responsibility is taken for investment losses resulting from reliance on the information provided. The content should be interpreted for informational purposes only.