Nasdaq-listed fintech firm Antalpha is sitting on more than $100 million in unrealized profit from its holdings of Tether Gold.
Following this gain, the company recently moved about $15 million worth of XAUT to the Cobo platform.
Is Antalpha preparing to sell off its tokenized gold holdings?
Blockchain analytics platform Arkham shows that Antalpha previously purchased about $241 million worth of Tether Gold.
The purchase was made at an average price of $3,693 per token, backed by more than 1.8 tonnes of physical gold.
As gold prices later rose to a high of $5,600, the value of these holdings increased sharply. According to on-chain data, Antalpha is now sitting on more than $100 million in profit.
The firm’s cumulative profit curve also rose sharply by late 2025 and early 2026. This is the same time when Bitcoin began to fall from its all-time high price, as investors started to shift money from crypto into safer assets like gold.
Meanwhile, Antalpha is sitting on more than $100 million in unrealized profit. Recent on-chain data shows the firm moved about $15 million worth of Tether Gold.
The funds were transferred to Cobo, a platform widely used by institutions to issue, manage, and distribute tokens.
On-chain records show several XAUT transfers from Antalpha-linked wallets to deposit addresses connected to Cobo.
So far, there is no clear sign that Antalpha moved the funds to sell them, as no reason has been disclosed.
Even after the transfer, Antalpha still holds about $264.95 million in total digital assets, with more than $264 million invested in XAUT alone.
The data shows that tokenized gold remains the firm’s largest digital asset position.
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