$100M Gold Profit: Antalpha Moves Funds After Massive Tether Gold Bet
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Antalpha is locking in profits on tokenized gold after a $241M position in Tether Gold (XAUt) — equivalent to 1.8 tonnes of physical gold bought at an average $3,693/oz. Institutional profit-taking could put short-term downward pressure on XAUt price and highlights mixed adoption dynamics for tokenized assets in crypto markets (tokenized gold, DeFi/CeFi intersections).
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Is gold’s top in? Well, Antalpha – a leading fintech company, which made a massive bet on the asset, seems to lean in this direction.
The company appears to be locking in profits after its bet on tokenized gold – more specifically, Tether Gold (XAUt). The firm purchased a whopping $241 million worth of XAUt, representing an astonishing 1.8 tonnes of physical gold, at an average price of $3,693 per ounce.
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