Tether, the stablecoin issuer, has purchased $458.7 million worth of Bitcoin (approximately 4,812 BTC) for Twenty One Capital, a Bitcoin investment firm. This acquisition brings Twenty One Capital's total Bitcoin holdings to 36,312 BTC, valued at around $4 billion, positioning the company as the third-largest corporate Bitcoin holder.
Key Details:
Purchase Price: $95,319 per Bitcoin
Total Holdings: 36,312 BTC
Valuation: Approximately $4 billion
Backers: Tether, Bitfinex, and SoftBank
Twenty One Capital's Objective:
The company aims to become a "superior vehicle" for investors seeking capital-efficient Bitcoin exposure, rivaling Michael Saylor's Strategy. With a focus on Bitcoin-native operations, Twenty One Capital plans to offer services like Bitcoin-collateralized loans and investment advisory services ¹.
