Tether to Add $450 Million Bitcoin, But There's a Twist
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Tether, the issuer of the USDT stablecoin, recently bought 4,812 Bitcoin (BTC), valued at approximately $496.7 million. This BTC buy is part of Tether’s deal with Cantor Equity Partners, which adds a twist to the purchase. Tether’s BTC deal with Cantor EquityOn-chain data analytics platform Arkham Intelligence spotlighted Tether’s Bitcoin purchase in an X post. According to Arkham, Tether will eventually send the purchased BTC to Twenty One Capital, a Bitcoin investment firm. TETHER BOUGHT $450M OF BITCOINTether has purchased 4,812 Bitcoin as part of a deal with Cantor Equity Partners.These will be purchased by Twenty One Capital once the financing is closed.Address: bc1qzup4k7zn9jur7a8kz0dnaernzyf60h8ez6s9cpmp23wfw5djhvusd4p0v3 pic.twitter.com/SJhrWNYD2i— Arkham (@arkham) May 14, 2025 You Might Also Like Twenty One Capital, backed by Tether, is awaiting the completion of a Special Purpose Acquisition Company (SPAC) merger with Cantor Equity Partners. The 4,812 BTC brings Twenty One’s total Bitcoin holdings to 36,312 BTC. The firm has become the third-largest corporate Bitcoin holder, trailing only Strategy and Bitcoin mining firm MARA Holdings. Strategy’s Bitcoin holdings total 568,840 BTC, while MARA holds 48,237 BTC.Tether’s BTC InvestmentTether is not a stranger to buying Bitcoin. In April, the stablecoin giant purchased an additional 8,888 BTC in an epic buy-the-dip strategy. This latest acquisition has further cemented Tether’s outlook as one of the biggest Bitcoin promoters in the crypto space. Tether has maintained a healthy Bitcoin portfolio in the broader market. The stablecoin issuer acquired 8,888 BTC, valued at $734,071,797.31. This purchase puts Tether’s total Bitcoin holdings at 92,646.57 BTC units. The firm acquired this stash at an average price of $82,591.34, for $7,651,804,585. You Might Also Like Tether’s Bitcoin accumulation demonstrates its confidence in the leading asset’s potential. Bitcoin recently reclaimed the $100,000 mark after weeks of persistent downturn. As of press time, the flagship coin was trading at $103,232, up 6.4% in the past week. If the bullish momentum continues, market experts anticipate BTC hitting a new all-time high.