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In the present day, Cantor Fairness Companions, Inc. revealed in a brand new submitting with the SEC that Tether purchased 4,812.2 Bitcoin for a complete of $458.7 million on behalf of Jack Mallers’ lately launched Bitcoin treasury firm, Twenty One Capital, which plans to finally go public below the ticker $XXI.
“Pursuant to the Enterprise Mixture Settlement, Tether agreed that inside ten (10) enterprise days thereof, it will buy quite a lot of Bitcoin equal to an mixture buy worth of $458,700,000,” Cantor said within the submitting. “With the Convertible Notes PIPE, entered into on April 22, 2025 by Pubco and the Firm with sure buyers, much less a holdback quantity of $52,000,000), and place such Bitcoin in a digital pockets held or operated by or on behalf of Tether.
Tether is holding the Bitcoin in a digital pockets, which anybody can view the holdings on-line right here, showcasing additional transparency into their holdings just like how some spot Bitcoin ETF issuers and different public firms, equivalent to Bitwise and Metaplanet, have completed with their holdings.
“The Preliminary PIPE Bitcoin can be offered by Tether to Pubco on the closing of the transactions contemplated by the Enterprise Mixture Settlement upon the funding of the PIPE Investments by the PIPE Buyers for a purchase order worth of $458,700,000,” the submitting additional said.
Cantor Fairness Companions Inc., at the moment buying and selling below the ticker CEP, is now dwell within the markets as it really works towards finishing its merger with Twenty One Capital. CEO Jack Mallers lately emphasised the agency’s aggressive Bitcoin acquisition technique, stating: “We do intend to lift as a lot capital as we presumably can to amass Bitcoin… We’ll by no means have Bitcoin per share detrimental. At the very least that’s our intent. Our intent is to ensure if you find yourself a shareholder of Twenty One that you’re getting wealthier in Bitcoin phrases.”
At launch, the corporate will maintain over 42,000 Bitcoin, immediately making it one of many largest company holders of BTC worldwide—solely behind trade giants like Technique.
In an additionally latest interview, Jack Mallers described Twenty One Capital’s mission clearly: “We wish to be the final word automobile for the capital markets to take part in Bitcoin…constructing on high of Bitcoin. So we’re a Bitcoin enterprise at our core. It’s our founding, it’s in our title, it’s on our board, it’s at our management.”
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