The encryption fintech company Antalpha saw a big pump of 70% on its first day of trading on the US stock market, triggering a circuit breaker.

On May 14, GlobeNewswire reported that Antalpha Platform Holding Company ("Antalpha") today announced that its initial public offering (IPO) was priced at $12.80 per common share for a total of 3,850,000 common shares. The Company's common stock has been approved for listing on the Nasdaq Global Market and is expected to begin trading on May 14, 2025 under the ticker symbol "ANTA." The offering is expected to close on May 15, 2025, subject to customary closing conditions. It is reported that Antalpha is a crypto fintech company focused on providing liquidity and risk management solutions for institutional Bitcoin miners. As Bitmain's primary lending partner, Antalpha provides supply chain lending and margin lending services through its Antalpha Prime technology platform, enabling customers to initiate and manage digital asset loans while monitoring collateral positions with near-real-time data. According to market data, as of press time, Antalpha (ANTA) shares have risen to $22.2, an intraday increase of 73.59%, triggering an intraday circuit breaker.