TETHER ACQUIRES $458.7 MILLION IN BITCOIN FOR INTEGRATION!

Tether, the company behind the USDT stablecoin, has acquired $458.7 million worth of Bitcoin (approximately 4,812 BTC) at an average price of $95,319 per coin. This investment is part of a larger plan to launch a new Bitcoin treasury company called Twenty One, which aims to provide traditional investors with exposure to Bitcoin through the stock market.

Key Details:

-Bitcoin Acquisition: 4,812 BTC purchased at $95,319 per coin, totaling $458.7 million

Twenty One's Goal: Become a leading corporate Bitcoin treasury, rivaling firms like MicroStrategy.

Total Holdings: Twenty One aims to hold over 42,000 Bitcoin, valued at around $4.4 billion at current prices.

Merger: The company will go public through a merger with Cantor Equity Partners, a Special Purpose Acquisition Company (SPAC).

Funding: Twenty One plans to raise $585 million, including $385 million from convertible senior notes and $200 million from private equity sources

Strategic Partnerships:

-Cantor Fitzgerald: Providing financial advisory services and securing $585 million in funding.

SoftBank: Investing $900 million in Twenty One.

Bitfinex: Partnering with Tether for the Bitcoin acquisition and Twenty One's launch .#CryptoRegulation