Tether has recently transferred 14,000 BTC, valued at approximately $980 million, to Twenty One Capital as part of its strategic investment initiative. This move is a segment of a larger collaboration involving Tether, Bitfinex, and other partners, aiming to bolster Twenty One Capital's Bitcoin holdings. Collectively, Tether and Bitfinex have contributed over 25,800 BTC to this venture, positioning Twenty One Capital to become one of the largest institutional holders of Bitcoin globally.
Twenty One Capital, led by Jack Mallers, is preparing to go public through a business combination with Cantor Equity Partners (Nasdaq: CEP). The firm plans to raise an additional $585 million through convertible notes and private equity to further expand its Bitcoin treasury. Upon completion, the company is expected to hold over 42,000 BTC, solidifying its status as a major player in the cryptocurrency market.
This significant investment by Tether underscores its commitment to supporting Bitcoin infrastructure and reflects a broader trend of institutional adoption in the crypto space.
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