Hong Kong Firm Invests $200 Million in Tether Gold and Bitcoin Mining
DL Holdings and Antalpha will strategically invest $200 million across Tether Gold tokenization and Bitcoin mining expansion.Summary
Hong Kong-listed DL Holdings Group Limited and digital asset provider Antalpha have formed a strategic partnership involving up to $200 million in investments split between two areas: tokenized gold and Bitcoin mining.
DL Holdings plans to invest $100 million over the next year to acquire and distribute Tether Gold (XAU•), building on an initial $5 million investment. Antalpha will support this by providing liquidity, custody, and lending services via its RWA Hub platform, and establishing vaults for gold redemption.
The other $100 million commitment is dedicated to expanding DL Holdings' Bitcoin mining operations, including the acquisition of approximately 3,000 Antminer S21 units from Bitmain. The company projects this expansion could lead to an annual output of around 1,500 BTC in the medium term. Antalpha will assist with financing and technical support for the mining efforts, leveraging its exclusive partnership with Bitmain.
(Source：BeInCrypto)