{"id":26793,"date":"2025-05-14T17:01:35","date_gmt":"2025-05-14T17:01:35","guid":{"rendered":"https:\/\/dogewisperer.com\/tether-goes-shopping-459-million-in-bitcoin-secured-for-twenty-one-capital\/"},"modified":"2025-05-14T17:01:35","modified_gmt":"2025-05-14T17:01:35","slug":"tether-goes-shopping-459-million-in-bitcoin-secured-for-twenty-one-capital","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26793","title":{"rendered":"Tether Goes Shopping: $459 Million In Bitcoin Secured For Twenty One Capital"},"content":{"rendered":"
\n

A major stablecoin issuer has just put nearly half a billion dollars into Bitcoin. According to a filing<\/a> with the US Securities and Exchange Commission on May 13, Tether bought 4,812 BTC at an average price of $95,319 each on May 9. That adds nearly $460\u202fmillion of Bitcoin to a special escrow wallet tied to Twenty\u202fOne Capital<\/a>, a firm backed by Tether that is working toward a SPAC merger with Cantor Equity Partners.<\/p>\n

\"\"<\/p>\n

Tether\u2019s Bold Bitcoin Move<\/h2>\n

Based on reports, Tether isn\u2019t just minting tokens anymore. It\u2019s taking on direct price risk. By placing almost $460\u202fmillion into Twenty\u202fOne\u2019s Bitcoin<\/a> stash, the stablecoin issuer steps into the realm of corporate holders. This purchase boosts Twenty\u202fOne\u2019s total to 36,312 BTC. Cantor Equity Partners holds 31,500 BTC on Twenty\u202fOne\u2019s behalf, and the rest came straight from Tether\u2019s reserve play.<\/p>\n

\"\"<\/p>\n

Volatile Share Price Patterns<\/h2>\n

Twenty\u202fOne\u2019s future shares will trade under the ticker\u202fXXI once its SPAC deal closes. The CEO, Jack Mallers, says approvals are in motion, though he stopped short of naming a date. Investors have already seen wild swings: XXI shares jumped from $10.65 to $59.73 on May\u202f2, then slid back to $29.84, and climbed another 5.2% in after-hours trading following this latest buy.<\/p>\n

Big Backers Onboard<\/p>\n

Tether isn\u2019t alone in funding Twenty\u202fOne. SoftBank has pledged $900\u202fmillion. Bitfinex, another crypto firm, will convert about 7,000\u202fBTC into equity at $10 per share. Cantor Fitzgerald is leading the SPAC, lining up $585\u202fmillion to back more Bitcoin buys. Those names lend weight, but each partner brings its own risks, from market moves to shifting strategies.<\/p>\n

<\/p>\n

Climbing Toward The Top<\/p>\n

With 36,312 BTC in its treasury, Twenty\u202fOne Capital will rank as the third\u2011largest corporate Bitcoin holder. Strategy<\/a> (formerly MicroStrategy) sits at the top with 568,840\u202fBTC. BMO-backed miner Marathon Digital holds 48,237\u202fBTC. Twenty\u202fOne is now chasing that third spot, hoping investors will see it as a go\u2011to vehicle for pure Bitcoin exposure.<\/p>\n

\"\"<\/p>\n

Bitcoin Per Share Focus<\/p>\n

Twenty\u202fOne\u2019s pitch is simple: grow Bitcoin per share. According to its SEC presentation, profit won\u2019t drive its strategy. Instead, every dollar raised will aim to buy more BTC. That contrasts with most public companies, which measure success by earnings per share. Here, a rise in BTC holdings is the goal.<\/p>\n

What\u2019s Next For Investors<\/p>\n

The SPAC route still has hurdles. Reports disclose that SEC reviews can drag on, and investors will watch for any changes in capital\u2011raise terms. If Bitcoin<\/a> surges, Twenty\u202fOne could soar. If it dips, there\u2019s no operating profit to soften the blow. For those who want straight Bitcoin bets, this may look attractive. But anyone craving steady returns from fees or services might look elsewhere.<\/p>\n

In the coming weeks, market watchers will track both the SEC\u2019s green light and how Twenty\u202fOne manages its expanding Bitcoin stash. The answer will shape whether stablecoin issuers become big new players in the Bitcoin game.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A major stablecoin issuer has just put nearly half a billion dollars into Bitcoin. According to a filing with the US Securities and Exchange Commission on May 13, Tether bought 4,812 BTC at an average price of $95,319 each on May 9. That adds nearly $460\u202fmillion of Bitcoin to a special escrow wallet tied to […]<\/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-26793","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\/26793","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=26793"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26793\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}