The post Tether-Backed Twenty One Capital Acquires 4,812 Bitcoin Worth $458.7M Ahead of Public Listing appeared on BitcoinEthereumNews.com.

TLDR Twenty One Capital purchased 4,812 Bitcoin for $458.7 million, bringing total holdings to 36,312 BTC The company is now the third-largest corporate Bitcoin holder behind Strategy and MARA Holdings The purchase is part of a PIPE arrangement connected to a SPAC merger with Cantor Equity Partners Twenty One Capital will trade under ticker “XXI” after the merger completes Jack Mallers, founder of Strike, leads the company with backing from Tether, Bitfinex, and SoftBank Tether-backed Bitcoin investment firm Twenty One Capital has acquired 4,812 Bitcoin valued at approximately $458.7 million, according to a May 13 filing with the U.S. Securities and Exchange Commission. This purchase brings the company’s total Bitcoin holdings to 36,312 BTC, making it the third-largest corporate holder of the cryptocurrency. The transaction was executed by stablecoin issuer Tether on May 9, with Bitcoin purchased at an average price of $95,319 per token. Tether transferred the BTC to an escrow wallet as part of a private investment in public equity (PIPE) arrangement connected to Twenty One Capital’s ongoing SPAC merger. This acquisition comes as Bitcoin trades around $103,540, approaching its previous all-time high of $109,000. The cryptocurrency market has shown strength recently, with analysts pointing to favorable inflation data as a potential catalyst for continued upward movement. Twenty One Capital was co-founded in April 2025 by Tether, crypto exchange Bitfinex, and Japanese tech giant SoftBank. The trio established the company with a shared vision of creating a Bitcoin-native public firm focused on long-term BTC accumulation and institutional access. Corporate Structure and Leadership At the helm of Twenty One Capital is Jack Mallers, founder of the Bitcoin payments app Strike. Known for his vocal support of Bitcoin and work on Lightning-based payments, Mallers has described the new company as a stock “built by Bitcoiners, for Bitcoiners.” Tether and Bitfinex…

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Filed under: News - @ May 14, 2025 8:24 am