According to Techub News, The MinerMag reported that Tether expressed interest in purchasing $25 million worth of shares in the upcoming IPO of Antalpha, a subsidiary of Bitmain, based on the F-1 amendment document submitted last week.

In this non-binding letter of intent, Tether will purchase shares at the IPO price and terms, just like other investors. If the investment is completed, it will account for half of Antalpha's target financing amount of $50 million.

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