Twenty One Capital, an investment firm backed by Tether, has bought 4,812 Bitcoins valued for $458.7 million, says a recent SEC filing. It is worth noting that this purchase is a part of a plan where private investors put money in a public company called a PIPE deal.
It has been reported that Tether has transferred the BTC to an escrow wallet on May 09, 2025, which was later moved to its own wallet before being handed over to Twenty One Capital.
As per experts the Twenty One Capital merger with Cantor Equity Partners is a plan of its long term goal to go public without being engaged in traditional IPO.
Cantor Equity Capitals is SPAC, a company that is created to basically raise money and then merge with a private company to help it go public.
XXI will be the ticker under which this company will be listed.
Tether has consistently improved its presence in crypto
Twenty One Capital now owns 36,312 Bitcoin, and around 31,500 BTC is held in custody by Cantor. The company is coming close to its aim to hold 42,000 Bitcoin going public.
Over the past few years, Tether has deepened its penetration in the crypto market and earlier on May 13 Todayq reported that USDT gold will be soon available in Thailand after its listing on a known crypto exchange in the nation.
Following this announcement, Paolo Ardoino of Tether said, “ We are pleased to see XAUT listed on Maxbit, marking a significant milestone as the first platform to offer access to our gold-backed digital asset in Thailand.”
Each stablecoin will be pegged at a 1:1 ratio, according to the further information. This implies that each coin would be issued in reserve of one troy ounce of real gold, which is being kept in secure vaults in Switzerland.
A new milestone expected in the stablecoin industry by 2025?
As per data from CoinMarketCap, the market capitalization of stablecoins is $246,028,819,065, and the trading volume is $143,236,041,748, which is down by 4.63% intraday.
In terms of market capitalization the list has been ruled by USDT followed by USDC, DAI, USDe, World Liberty Financial USD, First Digital USD, PayPal USD, TrueUSD and USDD.
USDT is the highest traded stablecoin followed by USDC, DAI, Ethena USD and others, however Rupiah token is one of the highest traded followed by BIDR, USDT, USDC, IDRX and DAI.
Amins Aptos Coin is stablecoins trading at $5.89 followed by Edelcoin exchanging hands at $3.89, VNX British Pound at $1.33, VNX Swiss Franc at $1.19 and Savings Dai at $1.15.
The stablecoin market has grown at a faster pace in the past few years and is expected to reach a new milestone by the end of this year.
