Twenty One Capital Boosts Bitcoin Holdings with Tether Purchase
Twenty One Capital has expanded its Bitcoin holdings by 4,812 BTC, thanks to a recent acquisition by Tether. This move comes ahead of a planned SPAC merger.
On May 9, Tether bought the BTC at an average price of $95,319 per coin. The assets were then moved to an escrow wallet, as detailed in a May 13 SEC filing. This purchase, valued at about $458.7 million, increases Twenty One Capital’s total BTC holdings to 36,312.
Tether, along with Bitfinex and SoftBank, co-founded Twenty One Capital in April 2025. Their goal is to create a bitcoin-focused public firm. The company aims to accumulate BTC and provide institutional access.
According to a business agreement, Tether will buy Bitcoin equivalent to the expected proceeds from a PIPE investment.These coins will be transferred to a wallet and sold to Twenty One Capital upon merger completion.
CEO Paolo Ardoino sees this venture as a long-term investment in Bitcoin’s institutional value. “Twenty One will prioritize Bitcoin accumulation over speculation, building long-term value,” Ardoino stated.
The merger is facilitated by Cantor Equity Partners. Once complete, Twenty One Capital will be listed under the ticker “XXI”. The company plans to debut with at least 42,000 BTC in assets.
Strike founder Jack Mallers, now CEO of Twenty One Capital, aims to make the company a leading Bitcoin vehicle. mallers plans to roll out Bitcoin-native financial products, including lending tools.
“Our mission is to become the most triumphant company in bitcoin,” Mallers declared.
