XAUT Floating Profit Analysis: Antalpha's Position Net Profit of $8.2 Million
TL;DR
Antalpha Global, through its subsidiary Aurelion, acquired 33,318 XAUT tokens for $134 million, at an average cost of $4,021.81 . Driven by rising gold prices, this holding generated approximately $8.2 million in unrealized gains at its peak on October 17th. The current holding is valued at approximately $141.2 million, representing a net profit of $7.2 million (+5.4% return). Technical analysis shows that XAUT has risen 18% since September, strongly correlating with the strong performance of spot gold.
Core Analysis
Position details and profit verification
Basic data :
| index | Numerical | illustrate |
|---|---|---|
| Number of positions | 33,318 XAUT | 6.38% of the total XAUT supply |
| Purchase cost | US$134 million | Average price $4,021.81 |
| Purchase date | October 14, 2025 | Completed through a $150 million financing round |
| Current Value | US$141.2 million | Based on the closing price of $4,238.37 on October 18 |
| Current net profit | $7.2 million | +5.4% unrealized gains |
Return Fluctuation :
- Peak Profit : When XAUT hit $4,391.57 on October 17, the position was worth $146.3 million, with unrealized gains of approximately $12.3 million.
- Reported Profit : The $8.2 million profit reported by the media corresponds to an intraday price of approximately $4,260 CoinLaw on October 17th.
- Current Status : Profits have narrowed to $7.2 million from the peak as XAUT has pulled back 3.5%.
Strategic Background and Transaction Structure
Antalpha Global (NASDAQ: ANTA) made this investment in XAUT through its acquisition of Prestige Wealth Inc. (now Aurelion Inc., NASDAQ: AURE). This transaction is a core component of Antalpha's "Reserve 2.0" strategy, which aims to hedge against crypto market volatility using tokenized gold.
Financing structure :
- Total funding: $150 million ($100 million private placement + $50 million in debt)
- Antalpha Investment: $43 million for a 32.4% stake and 73.1% voting rights
- Tether Investment: $15 million in private placement
- Use of funds: US$134 million will be used to purchase XAUT, making Aurelion the first Nasdaq-listed entity fully backed by XAUT.
Technical analysis: XAUT performs strongly
Price trends (September 1st - October 18th):
| Time period | Price level | Increase | Key Events |
|---|---|---|---|
| September 1 | ~$3,600 | Benchmark | Analysis starting point |
| October 14 | $4,129 | +14.7% | Antalpha Buy Day Close |
| October 17 | $4,392 | +22.0% | Price peak, profit maximization |
| October 18 | $4,238 | +17.7% | Current price, slight pullback |
Technical indicators :
- Trend Strength : ADX reached 64.4, confirming a strong uptrend
- Momentum indicators : RSI is at 72.7, approaching overbought territory but still showing buying power
- Volatility : ATR is $77.65, with an average daily fluctuation of about 1.8%, which is relatively stable.
- Support : The $4,000-$4,014 range is key support, corresponding to the Fibonacci retracement level
- Resistance level : $4,300 is the next important resistance, which is consistent with the target level of spot gold
On-chain data analysis
Holdings Verification : Although no public wallet address for Antalpha has been found, the size of its holdings has been verified through the following methods:
- CoinGecko Treasury Tracker confirms 33,318 XAUT holdings
- Arkham Intelligence identified a small "antalpha" entity (33.35 XAUT, approximately $141,000 USD), but this does not match the reported large holdings.
- Major holdings may be managed through custody or OTC methods, in line with institutional operating practices
Market impact :
- Antalpha’s 33,318 XAUT represent 6.38% of the total supply, representing a significant holding by a single entity.
- The mid-October bulk purchases coincided with whale activity, with $30.8 million in institutional inflows during that period.
- XAUT's 24-hour trading volume reached $585 million, with sufficient liquidity to support large positions.
Social sentiment analysis
Community Reactions :
- Crypto Twitter discussions are relatively sparse, focusing primarily on news announcements rather than in-depth debates.
- Influential accounts see this move as a bullish signal for tokenized real assets (RWAs) and a positive step for Tether’s ecosystem expansion.
- There was no widespread community backlash or FOMO-driven hype; posts viewed the development as a cautious institutional setup.
Analysts’ Views :
- Arkham Intelligence questions the timing of the buy, suggesting a possible entry near a gold price top, but lacks broader analyst follow-up.
- Official communications remain optimistic, emphasizing risk management and profit opportunities, but avoiding specific profit figures.
- There are no major disputes or doubts, and the profit figures are verified by independent on-chain tracking and are consistent with SEC documents.
Market Perception : Overall sentiment is positive on innovation, but neutral with skepticism regarding entry timing. The low number of high-quality discussions suggests the topic has yet to garner sustained attention on Twitter.
in conclusion
Antalpha's XAUT investment strategy has been successful in the short term, with current holdings generating $7.2 million in unrealized gains , having peaked at $12.3 million. The investment has benefited from the strong performance of the gold market (up 56% so far in 2025) and safe-haven demand driven by geopolitical uncertainty.
Risk factors :
- Profits are highly dependent on gold price fluctuations and have recently fallen by $5 million from their peak.
- Holdings account for 6.38% of XAUT supply, which poses a liquidity risk.
- As the first listed company with XAUT reserves, it faces regulatory and market attention.
Outlook : Technical analysis shows XAUT maintaining a bullish structure above $4,000, targeting $4,300-4,400. Antalpha plans to use uncollateralized XAUT for lending, generating 50-100 basis points of yield through its Prime platform, providing an additional source of income for long-term holdings.