Tether Buys $459M in Bitcoin for Twenty One Capital — Major Strategic Move!
Tether just made another massive play in Bitcoin!
On May 9, Tether purchased 4,812.2 BTC worth $458.7M for Twenty One Capital, which is now the third-largest corporate Bitcoin holder with over 36,000 BTC. This is part of a bigger plan to merge with Cantor Equity Partners through a SPAC deal, trading under the ticker XXI.
Why it matters
Backed by Tether, Bitfinex & SoftBank
Target: 42,000 $BTC at launch
Competing with MicroStrategy & MARA Holdings
Focused on “Bitcoin per share,” not EPS
Shares of Cantor surged over 460% earlier this month!
The Bigger Picture:
Tether isn’t just issuing USDT anymore — they’re helping build the future of institutional Bitcoin investment. This move sets the tone for how crypto-native firms are reshaping finance.
