Stablecoin issuer Tether recently invested $458.7 million in Bitcoin through Twenty One Capital, a Bitcoin investment firm it supports. The investment involved purchasing 4,812.2 Bitcoin at $95,319 each, increasing Twenty One's total Bitcoin holdings to 36,312 BTC. The firm, backed by Cantor Equity Partners, is awaiting a Special Purpose Acquisition Company (SPAC) merger. Tether, along with Bitfinex, holds a majority stake in Twenty One. The merger, sponsored by Cantor Fitzgerald, aims to provide financial advisory services and secure funding for Bitcoin investments. Twenty One plans to prioritize Bitcoin acquisitions over profits, aiming to become a leading corporate Bitcoin holder. The company's unique approach focuses on Bitcoin per share as a success metric, rather than traditional earnings per share. With support from SoftBank and Bitfinex, Twenty One aims to reach 42,000 Bitcoin by launch. Read more AI-generated news on: https://app.chaingpt.org/news

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