{"id":26657,"date":"2025-05-14T06:16:45","date_gmt":"2025-05-14T06:16:45","guid":{"rendered":"https:\/\/dogewisperer.com\/tether-buys-459m-bitcoin-for-new-treasury-firm-21-capital\/"},"modified":"2025-05-14T06:16:45","modified_gmt":"2025-05-14T06:16:45","slug":"tether-buys-459m-bitcoin-for-new-treasury-firm-21-capital","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26657","title":{"rendered":"Tether Buys $459M Bitcoin For New Treasury Firm 21 Capital\u00a0\u00a0"},"content":{"rendered":"<div>\n<p>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<p>The <a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/1865602\/000121390025042647\/ea0241786-8k425_cantor.htm\" data-wpel-link=\"external\" target=\"_blank\">purchase<\/a> was on behalf of Jack Mallers\u2019 recently launched Bitcoin treasury company, Twenty One Capital.<\/p>\n<p>Twenty One Capital, <a href=\"https:\/\/cryptopotato.com\/cantor-joins-softbank-and-tether-to-launch-fund-seeded-with-3b-btc\/\" data-wpel-link=\"internal\">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<p>Once completed, the company will trade on the Nasdaq under the ticker XXI.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"qst\">XXI <a href=\"https:\/\/t.co\/tByVe73j5R\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/tByVe73j5R<\/a><\/p>\n<p>\u2014 Paolo Ardoino (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1922393670398935393?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">May 13, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Tether\u2019s Treasury Firm<\/h2>\n<p>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<p>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<p>The big Bitcoin buy also comes shortly after Tether reported more than $1 billion in revenue in the first quarter.<\/p>\n<p>Tether is among several large companies that have been aggressively scooping up BTC this month. Michael Saylor\u2019s Strategy hoovered up a whopping <a href=\"https:\/\/cryptopotato.com\/strategys-latest-bitcoin-buy-is-worth-over-1-3-billion-details\/\" data-wpel-link=\"internal\">13,390 Bitcoin<\/a> for $1.34 billion while Japanese investment firm Metaplanet added a <a href=\"https:\/\/cryptopotato.com\/metaplanet-boosts-btc-holdings-with-126-7m-purchase\/\" data-wpel-link=\"internal\">further 1,241 BTC<\/a> to its treasury, which surpassed that of El Salvador on May 12.<\/p>\n<h2>Corporate Buying Outpaces Retail<\/h2>\n<p>Bitcoin investment firm River <a href=\"https:\/\/x.com\/river\/status\/1921975227942043894\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">reported<\/a> that businesses were outpacing exchange-traded products, governments, and even individual investors for overall Bitcoin accumulation growth this year.<\/p>\n<p>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<p>Last month, Bitwise <a href=\"https:\/\/x.com\/BitwiseInvest\/status\/1911843925943337203\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">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<p>Over the weekend, CryptoQuant CEO Ki Young Ju said Strategy had turned Bitcoin into a <a href=\"https:\/\/cryptopotato.com\/how-saylors-strategy-transformed-bitcoin-into-a-deflationary-asset-details\/\" data-wpel-link=\"internal\">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<p>The post <a href=\"https:\/\/cryptopotato.com\/tether-buys-459m-bitcoin-for-new-treasury-firm-21-capital\/\" rel=\"nofollow\">Tether Buys $459M Bitcoin For New Treasury Firm 21 Capital\u00a0\u00a0<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26657","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26657"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26657\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}