Tether Sends US$2.7 Billion in Bitcoin to Twenty Capital
Tether CEO Paolo Ardoino revealed a Bitcoin (BTC) transaction that sent 25,812 BTC to the wallet address of investment giant Twenty One Capital. The tens of thousands of Bitcoin cost US$2.7 billion at the current price of around US$105,000.
According to Ardoino, this move aims for transparency to users on platform X on his personal account. This means that the investment plan is realized in order to adopt Bitcoin as a strategic reserve.
"BTT = Bitcoin Treasury Transparency," he stated on platform X.
It is known that the total holdings of Twenty One Capital increased from 36,312 BTC to 62,124 BTC. Thanks to this initiative, the investment company has managed to position itself as the third-largest holder of Bitcoin below Michael Saylor's Strategy.
