Twenty One Capital 3rd Largest Bitcoin Holder After Tether’s $459M BTC Buy
According to a filing released on May 13, 2025, Tether has purchased $459 million worth of Bitcoin on behalf of Twenty One Capital, a Tether-backed BTC investment firm. The transaction follows the increasing institutional interest in Bitcoin and makes Twenty One Capital a major player in the cryptocurrency market. Breaking Down Tether’s Bold Bitcoin Purchase On May 9, 2025, Tether bought 4,812.2 Bitcoin at $95,319 per coin, totaling $458.7 million, as revealed in a U.S. Securities and Exchange Commission filing by Cantor Equity Partners. The acquisition took Twenty One Capital’s Bitcoin holdings to 36,312 BTC, valued at approximately $3.46 billion at the purchase price. The Bitcoin was transferred to an escrow wallet, with blockchain records verifying the movement. The purchase is in line with Twenty One Capital’s plan of holding 42,000 BTC by its launch, supported by additional contributions from Tether, Bitfinex, and SoftBank. This transaction also aligns with Tether’s commitment to Bitcoin as it establishes itself as a leader in the crypto space. Twenty One Capital Plans to Redefine Bitcoin Investing Twenty One Capital, led by Strike CEO Jack Mallers, is a Bitcoin-focused investment firm backed by Tether, Bitfinex, and SoftBank. With a Special Purpose Acquisition Company (SPAC) merger pending with Cantor Equity Partners to list publicly under the ticker XXI, the firm is dedicated to maximizing per-share ownership of Bitcoin and offering crypto-financial services, including lending Bitcoin. Supported by $900 million from SoftBank and $585 million from Cantor Fitzgerald, Twenty One Capital holds 36,312 BTC, ranking third among corporate Bitcoin holders, behind Strategy, which currently holds 568,840 BTC, and MARA Holdings with 48,237 BTC. 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, 2025Investors’ Reaction to Tether’s Move Boosts Bitcoin Hopes Following the announcement, Cantor Equity Partners’ share price rose 5.8% in after-hours trading, proof of positive investor sentiment. Cantor Equity Partners share price (Source: Google Finance) The acquisition follows Bitcoin’s growing demand from institutional investors, which could potentially pave the way for mainstream adoption. Tether’s strategic action could also make markets more liquid and stable, as market analysts predict, although some question its influence due to volatility fears. The collaboration between traditional finance companies like SoftBank and crypto-native firms like Tether and Bitfinex reveals the fast-growing cryptocurrency market. As Twenty One Capital prepares to make its public debut, its Bitcoin-focused financial product focus could influence and redefine institutional investment strategy, with the traders and investors monitoring its progress. Toheeb is an insightful blockchain reporter with deep knowledge of cryptocurrencies. With years of experience in financial journalism, Toheeb covers the latest developments in blockchain technology, cryptocurrency trends, decentralized finance (DeFi), and regulatory updates. Known for breaking news and in-depth analysis, Toheeb brings new angles on how blockchain is transforming industries and changing the global economy. From uncovering market movements to providing expert commentary on new technologies, Toheeb is dedicated to keeping readers informed about the developments in blockchain-related topics. View all posts