Twenty -one capital added another 4,812 bitcoin to his treasury after a new purchase by Major Backer Tether prior to a planned merger of special purposes of acquisition company.
On May 9, Tether won the BTC at an average price of $ 95.319 per token and transferred the assets to an Escrow wallet, as revealed in a May 13 With the US Securities and Exchange Commission.
The purchase, worth around $ 458.7 million, brings the total interests of twentieth capital to 36,312 BTC and places the net behind Strategy and Mara Holdings in terms of business Bitcoin ownership.
Tether is one of the leading stakeholders in twenty -one capital, in addition to crypto exchange Bitfinex and the Japanese tech giant Softbank. The trio was co-founder of the company in April 2025 with a shared goal of creating a Bitcoin-Native Public Company aimed at long-term BTC accumulation and institutional access.
As noted in a business combination agreement signed in April, Tether agreed to buy Bitcoin that is equivalent to the expected yields of a pipe investment and transfer it to a designated wallet to be sold to twenty -one capital at the end of the fusion.
CEO Paolo Ardoino has previously said that the Stablecoin emittent regards the company as a long-term bet on the institutional relevance and value proposition of Bitcoin.
“Twenty-one will take a bitcoin-first approach that is in line with our vision prioritizing accumulation on speculation and building long-term value for those who understand what Bitcoin represents,” Ardoino said last month.
The merger itself is facilitated via Cantor Equity Partners, a Spac -based Spac, based in Cayman Islands, affiliated with Wall Street Firm Cantor Fitzgerald. Once completed, twenty -one capital is mentioned under the Ticker “XXI” on public markets.
Cantor Fitzgerald also offers advisory services and protects extra capital to support the Bitcoin-oriented strategy of the company.
Earlier archives have announced that the company intends to debut in assets with at least 42,000 bitcoin. As part of the commitment, Tether will yield 23,950 BTC, Softbank 10,500 BTC and Bitfinex around 7,000 BTC, all of which are converted into shares that each have priced $ 10.
Last month, twenty-one capital positioned itself as a future competitor of strategy (formerly micro strategy), which states that the aim is to become the “superior vehicle” for capital-efficient Bitcoin-blot statement.
Instead of concentrating on traditional financial statistics, the company said that priority will give “bitcoin per share” as his most important success indicator.
At the helm of this initiative is strike founder Jack Mallers, who was appointed CEO of twenty -one capital in April.
Known for his vocal support of Bitcoin and his work on lightning -based payments, Mallers described the new company as a shares “built by Bitcoiners, for bitcoiners.”
Mallers has outlined ambitious plans for twenty-one to roll out Bitcoin-Native Financial Products, including loan tools and the supply of capital market.
“Our mission is simple: becoming the most successful company in Bitcoin,” said Mallers at the time.
