Tether Buys $458M Bitcoin For Strategy Rival Twenty One Capital

Tether has bought $458.7 million value of Bitcoin for Twenty One Capital, a crypto funding agency it backs that claims it needs to overhaul Technique (previously MicroStrategy) as the biggest company holder of BTC.

A Might 13 submitting disclosed that Tether acquired 4,812.2 Bitcoin at a mean buy value of $95,319. The BTC was transferred to an escrow pockets as Twenty One Capital prepares to finish a SPAC merger with Cantor Fairness Companions.

Twenty One Capital Is Already The Third-Largest Company BTC Holder

Twenty One Capital is already the third-largest company Bitcoin holder, behind Technique and Bitcoin mining agency MARA Holdings  — and is positioning itself as a extra “capital-efficient” automobile for traders in search of direct Bitcoin publicity.

Twenty One Capital’s holdings stand at 36,312 Bitcoin following the current purchase by Tether. Information from BitcoinTreasuries exhibits Technique holds 568,840 BTC, whereas MARA Holdings has 48,237 BTC in its reserves. 

Do not miss this model new dialog with @jackmallers on Strike’s new lending product (and Jack’s dedication to no rehypothecation), the total scoop on Twenty One Capital, Bitcoin company treasuries following $MSTR, and the rising world financial order reset.

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— Natalie Brunell ⚡️ (@natbrunell) Might 13, 2025

Twenty One Capital Goals To Surpass Technique, Turn out to be ”Superior” Funding Automobile

Twenty One Capital stated in an April presentation to the SEC that it needs to overhaul Michael Saylor’s Technique as the biggest company Bitcoin holder. The corporate additionally needs to change into a “superior automobile” for traders on the lookout for “capital-efficient Bitcoin publicity.” 

It guarantees to be a “pure” BTC play for traders seeking to construct publicity to the crypto market chief.

The SPAC is backed by a number of conglomerates. Along with Tether, the issuer of the biggest stablecoin by market cap, the corporate additionally has the backing of Wall Road heavyweight Cantor Fitzgerald, who’s sponsoring the merger and has secured $585 million in funding to help the corporate’s BTC acquisitions. 

Japanese funding agency Softbank has additionally invested $900 million into Twenty One Capital.

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