Tether, one of the world’s largest stabilcoins issuing companies, has recently bought a $ 459 million Bitcoin for Twenty One Capital. Under this investment Tether Have purchased total 4,812 bitcoin, which is now placed in an Escro wallet. The purchase occurred when Twenty One Capital, Cantor Fairness Companions are in merging process through a Spac (Particular Goal Acquisition Corporate) with a Spac (Particular Goal Acquisition Corporate) and tether, like an important partner in the growth and structure of this company. The move has further strengthened its position in Bitcoin’s market and presented it as an attractive asset for investors.
Company reached third place in Bitcoin holdings
After this transaction, the total bitcoin holdings of Twenty One Capital have increased to 36,312 BTC. Out of this, 31,500 Bitcoin, Cantor Fairness Companions are near. According to bitcointreasuries.internet, this company has now become the world’s third largest corporate bitcoin holder, which is only behind Technique and Mara Holdings.
At the same time, after the completion of the merging process, the trading name of Twenty One Capital will be XXI and it will have total 36,312 bitcoin. Cantor Fairness Companions have 31,500 bitcoin, while Tether has planned 23,950 Bitcoin supply. This step proves that Twenty One Capital aims to increase its bitcoin asset and give more capital affairs to the investors Bitcoin exposure.
Technique is to be left behind, Twenty One Capital’s goal
Twenty One Capital to your investors Bitcoin In the target of giving “capital-efficient exposure”. The company believes that it will become a better investment medium by surpassing Microstrategy. Twenty One Capital told SEC in a presentation that he would set his main criterion as “shares on bitcoin”, while other companies use traditional “shares”.
The company also stated that it aims to reach 42,000 bitcoin by its launch time. For this, about 41,000 Bitcoin has been planned from Tether, SoftBank and Bitfinex. In addition, the Cantor Fitzgerald is a contribution to the company as a finicular consultant and is collecting a $ 585 million funding to support the twenty one capital’s bitcoin investment.
Conclusion
This new investment of Twenty One Capital can prove to be a major strategic move for the tether, especially when the company has decided to adopt the shares of shares on Bitcoin. The company’s goal is not only to become rich in Bitcoin, but it also wants to ensure that its investors also effective in this digital asset and Capital Efficient Invest in the way. In addition, the name of Twenty One Capital will appear as XXI on completion of the process of Spac merging and it can emerge as a major player in the field of bitcoin investment. This move of Tether and other major investors can assign new standards in the market of digital assets.
