Tether Buys $458M Bitcoin For Strategy Rival Twenty One Capital

By: cryptosheadlines|2025/05/15 07:15:05
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Join Our Telegram channel to stay up to date on breaking news coverageTether has purchased $458.7 million worth of Bitcoin for Twenty One Capital, a crypto investment firm it backs that says it wants to overtake Strategy (formerly MicroStrategy) as the largest corporate holder of BTC.A May 13 filing disclosed that Tether acquired 4,812.2 Bitcoin at an average purchase price of $95,319. The BTC was transferred to an escrow wallet as Twenty One Capital prepares to complete a SPAC merger with Cantor Equity Partners.Twenty One Capital Is Already The Third-Largest Corporate BTC HolderTwenty One Capital is already the third-largest corporate Bitcoin holder, behind Strategy and Bitcoin mining firm MARA Holdings — and is positioning itself as a more “capital-efficient” vehicle for investors seeking direct Bitcoin exposure.Twenty One Capital’s holdings stand at 36,312 Bitcoin following the recent buy by Tether. Data from BitcoinTreasuries shows Strategy holds 568,840 BTC, while MARA Holdings has 48,237 BTC in its reserves. Don’t miss this brand new conversation with @jackmallers on Strike’s new lending product (and Jack’s commitment to no rehypothecation), the full scoop on Twenty One Capital, Bitcoin corporate treasuries following $MSTR, and the emerging world monetary order reset.Let us know... pic.twitter.com/cVAI7F5amM— Natalie Brunell (@natbrunell) May 13, 2025Twenty One Capital Aims To Surpass Strategy, Become ”Superior” Investment VehicleTwenty One Capital said in an April presentation to the SEC that it wants to overtake Michael Saylor’s Strategy as the largest corporate Bitcoin holder. The company also wants to become a “superior vehicle” for investors looking for “capital-efficient Bitcoin exposure.” It promises to be a “pure” BTC play for investors looking to build exposure to the crypto market leader.The SPAC is backed by multiple conglomerates. In addition to Tether, the issuer of the largest stablecoin by market cap, the company also has the backing of Wall Street heavyweight Cantor Fitzgerald, who is sponsoring the merger and has secured $585 million in funding to support the company’s BTC acquisitions. Japanese investment firm Softbank has also invested $900 million into Twenty One Capital.Relate Articles:Best Wallet – Diversify Your Crypto Portfolio Easy to Use, Feature-Driven Crypto WalletGet Early Access to Upcoming Token ICOsMulti-Chain, Multi-Wallet, Non-CustodialNow On App Store, Google PlayStake To Earn Native Token $BEST250,000+ Monthly Active Users Join Our Telegram channel to stay up to date on breaking news coverageSource link

You may also like

Atlético Madrid vs Barcelona Preview: A Defining Clash in LALIGA’s Final Stretch

This clash between Atlético Madrid and FC Barcelona is a key moment in the LALIGA title race. Barcelona aim to protect their lead at the top, while Atlético look to strengthen their standing and disrupt the race. With recent head-to-head favoring Barcelona but home advantage on Atlético’s side, the match is expected to be tight, tactical, and decided by fine margins.

The DeFi lending protocol Drift was hacked for over $200 million in just 10 seconds, affecting more than 15 projects

The modular structure of DeFi was once regarded as the greatest advantage in the field, but now this advantage has been magnified into a disadvantage like a domino effect.

Q1 Market Review: Traditional Assets Enter the Blockchain Era; Geopolitical Turbulence Puts Pressure on the Cryptocurrency Market

This quarter, ETF demand has gradually improved, providing support for Bitcoin's current price level.

$285 million, the largest on-chain attack of the year, or still the age-old private key issue

The most significant security incident suffered by the Solana ecosystem since the 2022 Wormhole hack.

NVIDIA Loses 40% of China Market in Three Years | Rewire News Morning Edition

Huawei is the biggest winner

Traditional Brokerage Enters Crypto: Interactive Brokers Surges Into Crypto Market in Three Months

The story of E*TRADE is essentially a symbol of a Wall Street legacy brokerage firm reinventing itself through technology and execution prowess.

Popular coins

Latest Crypto News

Read more