Tether buys $ 459 million from Bitcoin to finance new BTC Treasury Company

Twenty -one, a new Bitcoin company that will act on the Nasdaq via a planned spacpherfusion with Cantor Equity partners, has almost $ 459 million in Bitcoin who is waiting for his treasury thanks to a purchase of Stablecoin Giant Tether.

In a SEC entered Tuesday, Cantor Equity Partners unveiled that Tether – one of the companies work together to create twenty -one – have purchased 4,812.22 BTC at an average price of $ 95,319.83 per coin, with a value of $ 458.7 million to Bitcoin. The cryptocurrency is then sold at twenty -one once the merger is completed, at the same purchase price.

Twenty -one, which is formed by a collaboration between Tether, Bitfinex, Cantor Fitzgerald and Softbank Group, is planning to launch with a treasury of more than 42,000 bitcoin, or almost $ 4.4 billion for the current price. The planned merger and cooperation was announced in April.

Note from the editors: This story breaks and is updated with additional details.