On June 2, Tether and Bitfinex completed a major Bitcoin transfer totaling 21,000 BTC to designated wallets, finalizing their agreed contributions to Twenty One Capital as part of the firm’s ongoing strategic expansion.
According to Tether CEO Paolo Ardoino, the distribution included:
- 14,000 BTC from the Tether Group
- 7,000 BTC from Bitfinex
In addition, Tether moved 4,812.22 BTC as prefunding for Twenty One Capital’s convertible-equity fundraising round. This prefunding is part of the broader effort to support the company’s long-term Bitcoin treasury and capital structure.
These holdings align with a May 13 8-K filing, which confirmed that Twenty One acquired the BTC at an average purchase price of $95,319.83 per coin. The acquisition was tied to the firm’s business-combination agreement with Cantor Equity Partners, underscoring the institutional scale and intent behind the transaction.
The move reflects Tether’s deepening involvement in Bitcoin infrastructure and investment vehicles, positioning Twenty One Capital as a major player in the emerging category of Bitcoin-focused treasury firms.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/tether-and-bitfinex-transfer-21000-btc-to-support-twenty-one-capital-deal/