Twenty One Capital | Crypto

Tether and Bitfinex moved $3.9 billion in Bitcoin to Jack Mallers’ Twenty One Capital, now the third-largest corporate BTC holder after Strategy and MARA. Tether has moved a combined 37,229.69 Bitcoin, worth about $3.9 billion, to addresses linked to the new Bitcoin-native financial platform, Twenty One Capital, led by Strike CEO Jack Mallers. Tether CEO Paolo Ardoino posted two transfers totaling 11,417 BTC ($1.2 billion) according to a June 3 X post. In one transaction, the stablecoin issuer transferred 10,500 Bitcoin (BTC) (about $1.1 billion) to an address linked to SoftBank’s investment option in Twenty One. The executive said it was part of the pre-funding of SoftBank’s investment in the Bitcoin platform. Read more

Tether and Bitfinex transferred 21,000 Bitcoins (BTC) to designated wallets on June 2, completing their agreed contributions to Twenty One Capital. Tether CEO Paolo Ardoino wrote that Bitfinex sent 7,000 BTC, while Tether Group moved 14,000 BTC.  Furthermore, Tether moved 4,812.22 BTC as prefunding for Twenty One’s convertible-equity raise. The holdings matched a May 13 […] The post Tether, Bitfinex complete Bitcoin funding leg for Twenty One Capital with $2B transfer appeared first on CryptoSlate.

Tether added another 4,812 Bitcoin to Twenty One Capital’s Bitcoin holdings, currently trading under Cantor Equity Partners until the firms finalize a merger. Stablecoin issuer Tether bought $458.7 million worth of Bitcoin for Twenty One Capital, a Bitcoin investment firm it backed that’s awaiting the completion of a Special Purpose Acquisition Company (SPAC) merger with Cantor Equity Partners. Tether snapped up 4,812.2 Bitcoin (BTC) at $95,319 each and transferred it to an escrow wallet on May 9, Cantor Equity Partners disclosed in a May 13 filing with the US Securities and Exchange Commission. It brings Twenty One’s total Bitcoin holdings to 36,312 BTC, as Cantor Equity Partners holds 31,500 BTC on behalf of the firm, which will trade under the ticker XXI once the SPAC merger is complete. Read more

Twenty One Capital has purchased 4,812 Bitcoins (BTC) on May 9 for approximately $458.7 million, according to an 8-K Form filed with the US Securities and Exchange Commission (SEC). The acquisition, made at an average price of $95,319.83 per BTC, was executed in connection with a business combination agreement between Twenty One and Cantor Equity […] The post Twenty One Capital becomes top Bitcoin holder with $458.7M purchase ahead of public listing appeared first on CryptoSlate.