At present, 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’ just lately launched Bitcoin treasury firm, Twenty One Capital, which plans to ultimately go public beneath the ticker $XXI.
“Pursuant to the Enterprise Mixture Settlement, Tether agreed that inside ten (10) enterprise days thereof, it could buy quite a few Bitcoin equal to an combination buy value 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 companies, akin to Bitwise and Metaplanet, have finished with their holdings.
“The Preliminary PIPE Bitcoin might 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 Traders for a purchase order value of $458,700,000,” the submitting additional said.
Cantor Fairness Companions Inc., presently buying and selling beneath the ticker CEP, is now dwell within the markets as it really works towards finishing its merger with Twenty One Capital. CEO Jack Mallers just lately emphasised the agency’s aggressive Bitcoin acquisition technique, stating: “We do intend to lift as a lot capital as we presumably can to accumulate Bitcoin… We are going to by no means have Bitcoin per share damaging. No less than 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 business giants like Technique.
In an additionally current interview, Jack Mallers described Twenty One Capital’s mission clearly: “We wish to be the final word car 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 identify, it’s on our board, it’s at our management.”
