Antalpha Platform Holding Company Announces Results of the Extraordinary General Meeting Held on July 21, 2025

Rhea-AI Summary

Antalpha Platform Holdings (NASDAQ:ANTA), a fintech platform serving the Bitcoin mining ecosystem, held an Extraordinary General Meeting (EGM) on July 21, 2025, with 81.6% shareholder participation. Shareholders approved several significant proposals including: a 25% increase in authorized share capital to 62.5M shares, implementation of a dual-class share structure with Class A (1 vote) and Class B (20 votes) shares, and approval of a performance-based CEO incentive plan of up to 1.5M Class B shares tied to market cap milestones of $1B and $2B.

The meeting also approved a new treasury management plan allowing the company to acquire digital gold through various means, including potential share issuance and investments in publicly listed companies.

Positive

• None.

Negative

• Dual-class structure could reduce minority shareholder voting power
• Potential dilution from 25% increase in authorized share capital
• Treasury management plan allows for share issuance which could lead to further dilution
• CEO grant of 1.5M Class B shares (20 votes each) could concentrate significant voting power

Insights

Corporate Governance Analyst

Antalpha approved dual-class share structure giving insiders 20x voting power while positioning for Bitcoin treasury strategy.

The EGM results reveal a significant shift in Antalpha's corporate governance structure with 81.6% of outstanding shares participating in the vote. The approval of a dual-class share structure is particularly noteworthy, creating Class B shares with 20 times the voting power of Class A shares. This structure effectively concentrates control in the hands of insiders while maintaining public investment through Class A shares.

The company has authorized an expansion of its share capital by creating an additional 12.5 million ordinary shares, increasing the total authorized shares to 62.5 million. This capital expansion provides Antalpha with flexibility for future fundraising, acquisitions, or employee compensation.

The approved treasury management plan suggests Antalpha is positioning itself to acquire "digital gold" (likely Bitcoin) as part of its treasury strategy. This aligns with the company's focus on the Bitcoin mining ecosystem and follows a trend among certain public companies to hold Bitcoin as a treasury asset.

The CEO incentive package directly ties leadership compensation to ambitious market capitalization goals of $1 billion and $2 billion, creating alignment with shareholders' interests in significant value creation. This performance-based approach indicates management's confidence in future growth prospects.

All proposals received overwhelming shareholder support with approximately 99.9% approval for the capital increase and 99.8% for the dual-class structure, signaling strong investor confidence in management's strategic direction despite the significant governance changes.

Crypto Finance Specialist

The approval of Antalpha's treasury management plan represents a strategic pivot toward Bitcoin exposure that aligns with the company's existing business focus. As a fintech platform serving the Bitcoin mining ecosystem, Antalpha is now authorized to "acquire digital gold" (industry terminology for Bitcoin) either directly or through subsidiaries, effectively joining companies like MicroStrategy and Tesla that have incorporated Bitcoin into their treasury strategies.

This move positions Antalpha to potentially benefit from Bitcoin price appreciation while deepening its commitment to the cryptocurrency ecosystem. The treasury plan received strong shareholder approval with 19,290,443 votes in favor, demonstrating investor comfort with this strategy despite the inherent volatility of digital assets.

The dual-class share structure implementation, while primarily a governance consideration, also serves to protect the company's crypto-focused strategy from potential shareholder pressure during market downturns. With 20x voting power, leadership can maintain its Bitcoin treasury approach even during periods of price volatility that might otherwise concern traditional investors.

The CEO incentivization plan with market cap targets of $1 billion and $2 billion suggests management believes their Bitcoin-focused strategy can drive significant valuation growth. This incentive structure creates a direct link between the company's Bitcoin treasury management and leadership compensation, aligning executive interests with the success of their cryptocurrency strategy.

SINGAPORE, July 21, 2025 (GLOBE NEWSWIRE) -- Antalpha Platform Holdings Company (“Antalpha” or the “Company”) (Nasdaq: ANTA), a leading fintech platform serving the Bitcoin mining ecosystem, today announced the results of the Company’s extraordinary general meeting of shareholders (the “EGM”) held today.

19,318,273 ordinary shares of the Company entitled to vote at the EGM were present at the EGM in person or by proxy. These shares represented approximately 81.6% of the Company’s total ordinary shares outstanding as of the record date on June 20, 2025.

At the EGM, the shareholders of the Company approved the following proposals:

1. by an ordinary resolution that the authorized share capital of the Company be increased from “US$50,000 divided into 50,000,000 Ordinary Shares of a par value of US$0.001 each” to “US$62,500 divided into 62,500,000 Ordinary Shares of a par value of US$0.001 each” by the creation of an additional 12,500,000 Ordinary Shares of a par value of US$0.001 each to rank pari passu in all respects with the existing shares (the “Authorized Share Capital Increase Proposal”).
2. by a special resolution that (a) 59,375,000 authorized Ordinary Shares (including the 23,677,500 issued Ordinary Shares) of a par value of US$0.001 each in the capital of the Company be re-designated as Class A Ordinary Shares, and (b) 3,125,000 authorized but unissued Ordinary Shares of a par value of US$0.001 each in the capital of the Company be re-designated as Class B Ordinary Shares (the “Share Re-designation”), such that immediately following the Share Re-designation, the authorized share capital of the Company will be US$62,500 divided into 62,500,000 Ordinary Shares of a par value of US$0.001 each, comprising of (i) 59,375,000 Class A Ordinary Shares (including 23,677,500 issued Class A Ordinary Shares) of a par value of US$0.001 each, and (ii) 3,125,000 Class B Ordinary Shares of a par value of US$0.001 each (the “Share Re-designation Proposal”).
3. by a special resolution that the Company’s Amended and Restated Memorandum of Association and Articles of Association be amended and restated by their deletion in their entirety and the substitution in their place of the Second Amended and Restated Memorandum of Association and Articles of Association in the form as attached to the EGM notice as Exhibit A (the “Amended M&AA”) for the purposes of varying the Company’s authorized share capital, so that the authorized share capital of the Company will be US$62,500 divided into 62,500,000 shares comprising of (i) 59,375,000 Class A Ordinary Shares of a par value of US$0.001 each (the “Class A Ordinary Shares”), and (ii) 3,125,000 Class B Ordinary Shares of a par value of US$0.001 each (the “Class B Ordinary Shares”), with the rights attaching to such shares as set out in the Amended M&AA, including that each Class A Ordinary Share is entitled to one vote, and is not convertible into Class B Ordinary Share under any circumstances, and each Class B Ordinary Share is entitled to twenty (20) votes, subject to certain conditions, and is convertible into one Class A Ordinary Share at any time by the holder thereof (the “Dual-class Share Structure Proposal”).
4. by an ordinary resolution that the Chairperson of the board of directors and Chief Executive Officer of the Company be granted one or more awards under the Company’s 2024 Share Incentive Plan (as may be amended from time to time), in the form of options, restricted share units or other types, to acquire an aggregate of up to 1,500,000 Class B Ordinary Shares, of which the first 750,000 Class B Ordinary Shares shall vest only upon the Company achieving a market capitalization of at least US$1 billion, and the remaining 750,000 Class B Ordinary Shares shall vest only upon the Company achieving a market capitalization of at least US$2 billion, as an incentive for his continued service and to align his interests with those of the Company and its shareholders (the “CEO and Chairperson Grant Proposal”).
5. by an ordinary resolution that the Company shall adopt the treasury management plan in the form as attached hereto as Exhibit B for the purposes of improving the treasury management of the Company, and the Company and its board of directors be authorized to take all actions as may be necessary for the purposes of carrying out such treasury management plan, including issuing ordinary shares or other securities to raise funds to acquire digital gold, or acquiring digital gold through its subsidiaries and/or investees, which may include publicly listed companies, from time to time for purposes of carrying out such treasury management plan (the “Treasury Management Plan Proposal”).
   

Each of the above proposals was duly passed. The voting results were as follows:

	VOTES FOR		VOTES AGAINST		VOTES ABSTAINED
Authorized Share Capital Increase Proposal	19,299,949		17,324		1,000
Share Re-designation Proposal	19,279,022		38,051		1,200
Dual-class Share Structure Proposal	19,279,022		38,051		1,200
CEO and Chairperson Grant Proposal	19,296,106		22,041		126
Treasury Management Plan Proposal	19,290,443		26,830		1,000

About Antalpha

Antalpha is a leading fintech company specializing in providing financing, technology, and risk management solutions to institutions in the digital asset industry. Antalpha offers Bitcoin supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to originate and manage their digital assets loans, as well as monitor collateral positions with near real-time data.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about Antalpha’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Antalpha’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Antalpha does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts

Investor Relations: ir@antalpha.com

FAQ

What changes did ANTA shareholders approve at the July 2025 EGM?

Shareholders approved five major proposals: increasing authorized share capital by 25%, implementing a dual-class share structure, amending company articles, approving a CEO incentive plan, and adopting a new treasury management plan.

How will ANTA's new dual-class share structure work?

The structure includes Class A shares with 1 vote each and Class B shares with 20 votes each. Class B shares can be converted to Class A shares at any time, but Class A shares cannot be converted to Class B shares.

What are the terms of ANTA's CEO incentive plan?

The CEO can receive up to 1.5M Class B shares, with 750,000 shares vesting at a $1B market cap milestone and another 750,000 at a $2B market cap milestone.

What is ANTA's new treasury management plan?

The plan allows Antalpha to acquire digital gold through various means, including issuing shares to raise funds or acquiring digital gold through subsidiaries and publicly listed company investments.

What was the shareholder participation rate at ANTA's July 2025 EGM?

19,318,273 shares (81.6%) of total outstanding shares were represented at the meeting, with all proposals receiving over 99% approval.