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.
Bitcoin Recovery: A Golden Opportunity for Investment
The purchase of Bitcoin occurred as the price rebounded to $104,000 on Tuesday, just 4% shy of the historical peak of $108,786, thanks to news of U.S.-China tariff reductions from Monday – a move that calmed the market after a steep decline a few weeks prior. Bitcoin's resilience in tough market conditions has encouraged many companies to hold strategic reserves. Michael Saylor's strategy holds nearly $60 billion in Bitcoin, while Semler Scientific, Metaplanet, and Marathon Digital have also adopted similar strategies. Tether, with Q1 profits exceeding $1 billion, is leveraging strong cash flow to make a significant investment in Twenty One.
Twenty One: Ambition to Become a Bitcoin Giant
Twenty One, under the leadership of CEO Jack Mallers (founder of Strike), aims to raise nearly $600 million, including $385 million from convertible bonds and $200 million from private equity investment. This money will be used to buy more Bitcoin and serve 'general corporate purposes.' The company plans to list on Nasdaq under the ticker XXI, with Tether and Bitfinex holding the majority, while SoftBank retains a minority stake. In addition to Bitcoin reserves, #TwentyOne will provide Bitcoin lending services and other financial products, aiming to become a bridge between traditional finance and crypto.
Impact on the Crypto Market
This event brings many positive signals:
Increasing institutional confidence: Crypto fund inflows reached $3.4 billion last week, with a forecast of accumulating $330 billion into Bitcoin by 2029.
Driving crypto financial services: Twenty One could compete with companies like Strategy (568,840 BTC), expanding the Bitcoin lending market.
Stable growth: Bitcoin ($104,000), Ethereum ($2,500), and Solana ($146) continue to benefit from the trend of institutionalization.
Future Prospects
If the merger is successful in the next 1-2 years, Twenty One could become a leading company in the $BTC space, with a treasury of $4.4 billion and a diverse range of financial services. However, Bitcoin price volatility and regulatory risks in the U.S. could impact the company's fundraising and Nasdaq listing plans.
Conclusion: Will Twenty One Reshape the Bitcoin Market?
Tether invests $459 million in Bitcoin to prepare for Twenty One, the newly listed Nasdaq company with a treasury of 42,000 BTC ($4.4 billion). Under the leadership of Jack Mallers, Twenty One aims to raise $600 million to expand crypto financial services. With Bitcoin at $104,000 and the market recovering, this could be a strategic move by Tether. Investors should closely monitor to seize opportunities.
Risk warning: Crypto investment carries high risks due to price volatility and legal uncertainties. Please consider carefully before participating.