In a filing with the US Securities and Exchange Commission on May 13, Cantor Equity Partners revealed that Tether bought 4,812 Bitcoin for a total of $458.7 million and an average price of $95,320 per BTC.<\/p>\n
The purchase<\/a> was on behalf of Jack Mallers\u2019 recently launched Bitcoin treasury company, Twenty One Capital.<\/p>\n Twenty One Capital, announced in April<\/a>, is being formed through a collaboration between Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group, with plans to launch via a special purpose acquisition company (SPAC) merger with Cantor Equity Partners.<\/p>\n Once completed, the company will trade on the Nasdaq under the ticker XXI.<\/p>\n XXI https:\/\/t.co\/tByVe73j5R<\/a><\/p>\n \u2014 Paolo Ardoino (@paoloardoino) May 13, 2025<\/a><\/p>\n\n Twenty One Capital plans to launch with a substantial treasury of more than 42,000 BTC worth approximately $4.4 billion. Tether and Bitfinex will be the majority owners, with SoftBank holding a minority stake.<\/p>\n Under incoming CEO Jack Mallers, who also runs Bitcoin payments firm Strike, the venture aims to raise nearly $600 million through convertible notes and private-equity investments.\u00a0It intends to offer Bitcoin lending services alongside other financial products.<\/p>\n The big Bitcoin buy also comes shortly after Tether reported more than $1 billion in revenue in the first quarter.<\/p>\n Tether is among several large companies that have been aggressively scooping up BTC this month. Michael Saylor\u2019s Strategy hoovered up a whopping 13,390 Bitcoin<\/a> for $1.34 billion while Japanese investment firm Metaplanet added a further 1,241 BTC<\/a> to its treasury, which surpassed that of El Salvador on May 12.<\/p>\n Bitcoin investment firm River reported<\/a> that businesses were outpacing exchange-traded products, governments, and even individual investors for overall Bitcoin accumulation growth this year.<\/p>\n It noted that overall corporate holdings growth so far in 2025 totalled 157,000 BTC, worth more than $16 billion at current prices.<\/p>\n Last month, Bitwise reported<\/a> that at least twelve public companies bought Bitcoin for the first time in Q1 2025, and the amount of BTC held by publicly traded companies rose by 16% for the period.<\/p>\n Over the weekend, CryptoQuant CEO Ki Young Ju said Strategy had turned Bitcoin into a deflationary asset<\/a> as it was buying at a faster rate than total miner output, giving the asset a -2.3% annual deflation rate.<\/p>\n The post Tether Buys $459M Bitcoin For New Treasury Firm 21 Capital\u00a0\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" In a filing with the US Securities and Exchange Commission on May 13, Cantor Equity Partners revealed that Tether bought 4,812 Bitcoin for a total of $458.7 million and an average price of $95,320 per BTC. The purchase was on behalf of Jack Mallers\u2019 recently launched Bitcoin treasury company, Twenty One Capital. Twenty One Capital, […]<\/p>\n","protected":false},"author":0,"featured_media":66190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-66189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66189"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66189"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/66190"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Tether\u2019s Treasury Firm<\/h2>\n
Corporate Buying Outpaces Retail<\/h2>\n