Tether has acquired 4,812.2 Bitcoin, valued at $458.7 million, for Twenty One Capital—a Bitcoin funding agency pursuing a SPAC merger with Cantor Fairness Companions.
Jack Mallers’ Twenty One Capital and Tether simply purchased 4,812 #Bitcoin for $458 million. pic.twitter.com/3lPcb6567U
— TFTC (@TFTC21) Might 13, 2025
A Might thirteenth SEC submitting disclosed the Bitcoin was purchased at a median worth of $95,319 and transferred to an escrow pockets on Might ninth.
The acquisition elevated Twenty One’s whole Bitcoin holdings to 36,312 Bitcoin, together with 31,500 Bitcoin held in custody by Cantor.
The agency is predicted to commerce underneath the ticker “XXI” as soon as the merger is full.
Twenty One CEO Jack Mallers confirmed the merger is present process regulatory overview however gave no timeline.
Do not miss this model new dialog with @jackmallers on Strike’s new lending product (and Jack’s dedication to no rehypothecation), the total scoop on Twenty One Capital, Bitcoin company treasuries following $MSTR, and the rising world financial order reset.
Tell us… pic.twitter.com/cVAI7F5amM
— Natalie Brunell ⚡️ (@natbrunell) Might 13, 2025
In response to BitcoinTreasuries.internet, Twenty One is the third-largest company Bitcoin holder, behind Technique (568,840 Bitcoin) and MARA Holdings (48,237 Bitcoin).
Tether and Bitfinex are majority stakeholders within the agency. Cantor Fitzgerald is sponsoring the merger and elevating $585 million to assist Bitcoin acquisitions. SoftBank has invested $900 million.
In regulatory filings, Twenty One described itself as a capital-efficient automobile for Bitcoin publicity, aiming to prioritize Bitcoin per share over conventional earnings metrics.
The corporate targets 42,000 Bitcoin at launch, with deliberate contributions of 23,950 Bitcoin from Tether, 10,500 from SoftBank, and seven,000 from Bitfinex—transformed to fairness at $10 per share.
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