TETHER-BACKED TWENTY ONE CAPITAL SECURES $458.7M WORTH OF BITCOIN IN STRATEGIC MOVE

- @Tether_to -backed @XXI_CapitalBTC, a new venture led by Bitcoin proponent Jack Mallers, acquired 4,812 BTC worth $458.7 million for Twenty One Capital.

Key Details:

- The purchase, revealed in a recent SEC filing by Cantor Equity Partners, marks the first major Bitcoin acquisition for Twenty One Capital, which plans to go public under the ticker $XXI.

- The acquisition took place through a private investment in public equity (PIPE) deal, with Tether holding the Bitcoin in a transparent digital wallet.

- This aligns with the growing trend of public companies showcasing their Bitcoin holdings, similar to firms like Bitwise and Metaplanet.

- With this investment, Twenty One Capital now sits among the top three public companies holding Bitcoin, joining the ranks of MicroStrategy and Marathon Digital.

- Backed by major investors including Tether, SoftBank, and Bitfinex, the company was formed through a $3.6 billion SPAC merger with Cantor Equity Partners.

- The company's launch comes with over 42,000 BTC on its balance sheet, valued at $4 billion. This makes it the third-largest public holder of Bitcoin.

- Mallers, a staunch Bitcoin advocate and creator of the Strike app, envisions Twenty One Capital as the key vehicle for capital markets to tap into Bitcoin's potential.