The fintech company Antalpha, listed on Nasdaq, has recorded significant gains on Antalpha XAUT on Tether Gold, reaching over 100 million in unrealized profits and transferring a portion of the tokens to Cobo.

Antalpha realizes over 100 million in unrealized profit on Tether Gold

According to data from the on-chain analysis platform Arkham, the fintech company Antalpha holds over 241 million dollars in Tether Gold (XAUT), equivalent to approximately 1.8 tons of physical gold as collateral.

The XAUT portfolio was built at an average purchase price of around 3,693 dollars per token. Subsequently, the price of gold rose to a peak of about 5,600 dollars, resulting in a significant appreciation of the tokenized holdings.

As a result, on-chain data indicates that Antalpha now sits on over 100 million dollars in unrealized profits related to these positions in tokenized gold. Furthermore, the company’s cumulative profit curve has shown a marked increase between the end of 2025 and the beginning of 2026.

During the same period, the price of Bitcoin began to decline from its all-time highs. Many investors have shifted capital from cryptocurrencies to assets perceived as safer, such as physical gold and, by extension, its tokenized equivalent.

Antalpha transfers 15 million XAUT to the Cobo platform

In parallel with these Antalpha XAUT gains, on-chain movements show that the company has transferred approximately 15 million dollars in Tether Gold to Cobo, an institutional platform specializing in the issuance, management, and distribution of tokens.

In particular, transactions recorded on the blockchain highlight several movements of XAUT from wallets connected to Antalpha to deposit addresses associated with Cobo. However, at the moment, no official reason has been given for this operation.

That said, there are as yet no clear signs indicating an immediate sale of the gold token positions. The transfer could be related to institutional custody needs, internal rebalancing, or preparation for future market operations.

Antalpha XAUT gains and the structure of current holdings

Even after the transfer of approximately 15 million dollars in XAUT, Antalpha continues to hold a total of about 264.95 million dollars in digital assets. Of these, over 264 million dollars are still specifically invested in Tether Gold.

Overall, tokenized gold remains the company’s main digital exposure, both in terms of absolute value and in relation to the overall portfolio. This confirms a strategy heavily focused on assets considered defensive against crypto market volatility.

Compared to other industry players, Antalpha thus presents a lower-risk profile, leveraging Tether Gold as a tool to combine on-chain liquidity and coverage on the price of physical gold.

In summary, the significant potential gains on XAUT and the recent transfer to Cobo highlight the focus on the future management of this position, whether partial sale, long-term holding, or further moves to optimize institutional custody.

⚠️ Bu içerik yatırım tavsiyesi değildir.