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Tether Spends $459 Million to Buy Bitcoin: What is the 'King of Stablecoins' Preparing for Twenty One?
Today, May 14, 2025, at 1:47 PM Vietnam time, Tether announced the purchase of $459 million in Bitcoin to prepare for the treasury of Twenty One – the newly listed company on Nasdaq. With plans to hold over 42,000 BTC, could this be Tether's strategic move? Let's analyze in detail.
Tether Buys Bitcoin: Preparing Treasury for Twenty One
According to the SEC filing on May 13, #Tether – the stablecoin giant – bought 4,812.22 BTC at an average price of $95,319.83 each, totaling $458.7 million. This Bitcoin will be resold to Twenty One at the initial purchase price once the company completes its SPAC merger with Cantor Equity Partners. Twenty One, established through the collaboration of Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group, is expected to launch with a treasury of over 42,000 Bitcoins, valued at approximately $4.4 billion at the current price ($104,000/BTC). This merger and plan were announced in April 2025.
Tether Buys Bitcoin: Preparing Treasury for Twenty One
According to the SEC filing on May 13, #Tether – the stablecoin giant – bought 4,812.22 BTC at an average price of $95,319.83 each, totaling $458.7 million. This Bitcoin will be resold to Twenty One at the initial purchase price once the company completes its SPAC merger with Cantor Equity Partners. Twenty One, established through the collaboration of Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group, is expected to launch with a treasury of over 42,000 Bitcoins, valued at approximately $4.4 billion at the current price ($104,000/BTC). This merger and plan were announced in April 2025.
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Tether buys Bitcoin worth 459 million dollars for Twenty One Capital
Tether has added 4,812 Bitcoin to the Bitcoin holdings of Twenty One Capital, which is currently trading under the name Cantor Equity Partners until the companies complete the merger.
The stablecoin issuer Tether has purchased 458.7 million dollars worth of Bitcoin for Twenty One Capital, an investment company in Bitcoin that it supports, which is currently awaiting the completion of a merger with Cantor Equity Partners, a special purpose acquisition company (SPAC).
Tether acquired 4,812.2 Bitcoin at a price of 95,319 dollars per share and transferred it into an escrow wallet on May 9, as revealed by Cantor Equity Partners in a filing with the U.S. Securities and Exchange Commission on May 13.
This brings the total number of Bitcoin held by Twenty One to 36,312 BTC, as Cantor Equity Partners holds 31,500 BTC on behalf of the company, which will trade under the ticker symbol XXI after the SPAC merger is completed.
On May 13, Twenty One's CEO, Jack Mallers, stated that they are in the process of approving the merger but did not provide an exact estimate of when the transaction will be completed.
Twenty One is currently the third-largest Bitcoin holder, only behind Strategy and Bitcoin mining company MARA Holdings, with 568,840 Bitcoin and 48,237 Bitcoin, respectively, according to data from BitcoinTreasuries.net.
Tether is a major shareholder of Twenty One along with the cryptocurrency exchange Bitfinex. Cantor Fitzgerald, a major figure on Wall Street, is financing the merger, providing financial advisory services and securing 585 million dollars in funding to support Twenty One's Bitcoin investments. #TwentyOne
Tether has added 4,812 Bitcoin to the Bitcoin holdings of Twenty One Capital, which is currently trading under the name Cantor Equity Partners until the companies complete the merger.
The stablecoin issuer Tether has purchased 458.7 million dollars worth of Bitcoin for Twenty One Capital, an investment company in Bitcoin that it supports, which is currently awaiting the completion of a merger with Cantor Equity Partners, a special purpose acquisition company (SPAC).
Tether acquired 4,812.2 Bitcoin at a price of 95,319 dollars per share and transferred it into an escrow wallet on May 9, as revealed by Cantor Equity Partners in a filing with the U.S. Securities and Exchange Commission on May 13.
This brings the total number of Bitcoin held by Twenty One to 36,312 BTC, as Cantor Equity Partners holds 31,500 BTC on behalf of the company, which will trade under the ticker symbol XXI after the SPAC merger is completed.
On May 13, Twenty One's CEO, Jack Mallers, stated that they are in the process of approving the merger but did not provide an exact estimate of when the transaction will be completed.
Twenty One is currently the third-largest Bitcoin holder, only behind Strategy and Bitcoin mining company MARA Holdings, with 568,840 Bitcoin and 48,237 Bitcoin, respectively, according to data from BitcoinTreasuries.net.
Tether is a major shareholder of Twenty One along with the cryptocurrency exchange Bitfinex. Cantor Fitzgerald, a major figure on Wall Street, is financing the merger, providing financial advisory services and securing 585 million dollars in funding to support Twenty One's Bitcoin investments. #TwentyOne
🚨 Big move for Bitcoin!
#Tether_to, #SoftBank , #Bitfinex , @Official_Cantor, and @jackmallers announce #TwentyOne , a Bitcoin-native company launching with 42,000 BTC, making it the third-largest corporate Bitcoin holder globally.
Led by Jack Mallers, CEO of Strike, Twenty One aims to maximise Bitcoin Ownership Per Share, offering investors direct exposure to Bitcoin through a public company structure.
The venture will go public via a SPAC merger with Cantor Equity Partners, trading under the ticker $XXI on Nasdaq.
#Tether_to, #SoftBank , #Bitfinex , @Official_Cantor, and @jackmallers announce #TwentyOne , a Bitcoin-native company launching with 42,000 BTC, making it the third-largest corporate Bitcoin holder globally.
Led by Jack Mallers, CEO of Strike, Twenty One aims to maximise Bitcoin Ownership Per Share, offering investors direct exposure to Bitcoin through a public company structure.
The venture will go public via a SPAC merger with Cantor Equity Partners, trading under the ticker $XXI on Nasdaq.
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"New Whale" Twenty One Officially Launches: Another Reason to Believe in the Long-Term Future of Bitcoin
The cryptocurrency market has just welcomed a significant advancement as Twenty One – a newly established company with the mission to 'hold onto Bitcoin tightly' – officially launched and announced it will hold over 42,000 BTC, equivalent to about 4 billion USD on its balance sheet. This is not only a positive signal for Bitcoin but also reflects a strong belief in the long-term future of the entire crypto industry.
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