{"id":38067,"date":"2025-05-13T23:28:28","date_gmt":"2025-05-13T23:28:28","guid":{"rendered":"https:\/\/coincentral.com\/?p=38067"},"modified":"2025-05-13T23:28:28","modified_gmt":"2025-05-13T23:28:28","slug":"tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm","status":"publish","type":"post","link":"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/","title":{"rendered":"Tether-Backed Twenty One Capital Debuts With $459M BTC Buy: What\u2019s Next for the Firm"},"content":{"rendered":"<h2>TLDR<\/h2>\n<ul>\n<li>Twenty One Capital makes first move with a $459 million Bitcoin purchase<\/li>\n<li>Tether buys and will transfer 4,812 BTC to Twenty One after merger<\/li>\n<li>Company will hold over 42,000 BTC placing it among top public holders<\/li>\n<li>Led by Jack Mallers with backing from Tether, Bitfinex and SoftBank<\/li>\n<li>Bitcoin price nears all-time high as Twenty One prepares Nasdaq debut<\/li>\n<\/ul>\n<p>The Bitcoin investment firm, Twenty One Capital, made its first move by acquiring 4,812 BTC for $458.7 million. The purchase positions the company among the largest Bitcoin-holding public firms. The deal marks the start of a planned series of acquisitions designed to reinforce its Bitcoin-focused treasury model.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8BREAKING: Jack Mallers Twenty One Capital acquires 4,812 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> worth $458M \ud83d\udcaa <a href=\"https:\/\/t.co\/irYt6olgxa\">pic.twitter.com\/irYt6olgxa<\/a><\/p>\n<p>&mdash; Marzell (@MarzellCrypto) <a href=\"https:\/\/twitter.com\/MarzellCrypto\/status\/1922406447196836191?ref_src=twsrc%5Etfw\">May 13, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Bitcoin acquisition was conducted through a private investment in public equity (PIPE) transaction. Tether co-founded the firm and initially purchased the BTC and stored it in a secure wallet. Upon closing the merger, Tether will transfer the Bitcoin to Twenty One Capital at the exact purchase price.<\/p>\n<p>The company was <a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/1865602\/000121390025042647\/ea0241786-8k425_cantor.htm\" target=\"_blank\" rel=\"noopener\">created<\/a> via a special-purpose acquisition company (SPAC) merger with Cantor Equity Partners. Twenty One will trade under the ticker \u201cXXI\u201d on Nasdaq once the merger is finalized. Until then, Cantor Equity Partners trades under the symbol \u201cCEP\u201d.<\/p>\n<h2>$459M Purchase Cements Treasury Strategy<\/h2>\n<p><a href=\"https:\/\/blockonomi.com\/best-tether-casino\/\" target=\"_blank\" rel=\"noopener\">Tether<\/a> bought the 4,812 BTC at an average price of $95,319.83 and earmarked it for the upcoming transaction. Once the PIPE deal closes, the coins will be officially transferred to Twenty One Capital. This move underscores the company&#8217;s commitment to building a sizable BTC treasury from day one.<\/p>\n<p>The PIPE structure includes $385 million in convertible senior secured notes and $200 million in common equity funding. This capital raise provides the financial foundation for Twenty One\u2019s immediate and future Bitcoin acquisitions. Additionally, the firm can raise an extra $100 million in convertible notes within 30 days.<\/p>\n<p>Following the transaction, Twenty One Capital will hold over 42,000 BTC valued near $4.4 billion at current market prices. This level places the firm among the top public Bitcoin holders globally.<\/p>\n<h2>Tether, Bitfinex, and SoftBank Lead Formation<\/h2>\n<p><a href=\"https:\/\/coincentral.com\/what-is-tether\/\" target=\"_blank\" rel=\"noopener\">Tether<\/a> and its sister company Bitfinex are the majority stakeholders in Twenty One Capital. SoftBank Group holds a minority stake, adding a traditional finance component to the crypto-native entity. The strategic alliance combines stablecoin liquidity, exchange infrastructure, and institutional capital.<\/p>\n<p>Jack Mallers, founder of Bitcoin payments firm Strike, leads Twenty One as CEO. Under his leadership, the company aims to offer Bitcoin lending and other crypto-financial services. The firm emphasizes Bitcoin ownership per share as a key performance metric.<\/p>\n<p>Twenty One seeks to operate as a Bitcoin-native financial institution. It plans to launch products aligned with Bitcoin\u2019s monetary framework and capital market dynamics. These include lending instruments, structured notes, and Bitcoin-centric corporate services.<\/p>\n<h2>Bitcoin Market Rebounds as Launch Nears<\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-38069 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-14T021231.701.png\" alt=\"\" width=\"891\" height=\"555\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-14T021231.701.png 891w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-14T021231.701-300x187.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-14T021231.701-131x82.png 131w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-14T021231.701-768x478.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-14T021231.701-50x31.png 50w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-14T021231.701-150x93.png 150w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-14T021231.701-450x280.png 450w\" sizes=\"(max-width: 891px) 100vw, 891px\" \/><\/p>\n<p style=\"text-align: center\">Source:\u00a0 <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener\">CoinMarketCap<\/a><\/p>\n<p>Bitcoin\u2019s price recently climbed to $104,356.21, just 4% below its all-time high of $108,786. The 24-hour trading volume declined by 19.53%. The upward trend reinforces confidence in Bitcoin&#8217;s long-term strength and store-of-value role.<\/p>\n<p>With its treasury model and capital structure, Twenty One Capital aims for rapid <a href=\"https:\/\/moneycheck.com\/btc-bull-token-could-be-the-next-10x-crypto-as-viral-presale-nears-4-5m\/\" target=\"_blank\" rel=\"noopener\">BTC<\/a> accumulation. The firm\u2019s first purchase signals aggressive intent and a long-term bullish outlook. Its listing under the ticker XXI will mark a milestone for Bitcoin-focused public companies<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR Twenty One Capital makes first move with a $459 million Bitcoin purchase Tether buys and will transfer 4,812 BTC to Twenty One after merger Company will hold over 42,000 BTC placing it among top public holders Led by Jack Mallers with backing from Tether, Bitfinex and SoftBank Bitcoin price nears all-time high as Twenty<\/p>\n","protected":false},"author":9006,"featured_media":35557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":124,"footnotes":""},"categories":[28151,1],"tags":[],"class_list":{"0":"post-38067","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-news"},"wppr_data":{"cwp_meta_box_check":"No"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tether-Backed Twenty One Capital Debuts With $459M BTC Buy: What\u2019s Next for the Firm<\/title>\n<meta name=\"description\" content=\"Twenty One Capital launches with $459M in Bitcoin, backed by Tether and SoftBank, aiming to lead as a BTC-native public firm.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether-Backed Twenty One Capital Debuts With $459M BTC Buy: What\u2019s Next for the Firm\" \/>\n<meta property=\"og:description\" content=\"Twenty One Capital launches with $459M in Bitcoin, backed by Tether and SoftBank, aiming to lead as a BTC-native public firm.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinCentral\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-13T23:28:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/bitcoin-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Yasmin Werner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thatsyamin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yasmin Werner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/\",\"url\":\"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/\",\"name\":\"Tether-Backed Twenty One Capital Debuts With $459M BTC Buy: What\u2019s Next for the Firm\",\"isPartOf\":{\"@id\":\"https:\/\/coincentral.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/bitcoin-1.jpg\",\"datePublished\":\"2025-05-13T23:28:28+00:00\",\"author\":{\"@id\":\"https:\/\/coincentral.com\/#\/schema\/person\/c61167a9591d8b28e4c0da1ebc76936b\"},\"description\":\"Twenty One Capital launches with $459M in Bitcoin, backed by Tether and SoftBank, aiming to lead as a BTC-native public firm.\",\"breadcrumb\":{\"@id\":\"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/#primaryimage\",\"url\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/bitcoin-1.jpg\",\"contentUrl\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/bitcoin-1.jpg\",\"width\":1200,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coincentral.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tether-Backed Twenty One Capital Debuts With $459M BTC Buy: What\u2019s Next for the Firm\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coincentral.com\/#website\",\"url\":\"https:\/\/coincentral.com\/\",\"name\":\"CoinCentral\",\"description\":\"Your Bitcoin, Ethereum, and other Cryptocurrency HQ\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coincentral.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coincentral.com\/#\/schema\/person\/c61167a9591d8b28e4c0da1ebc76936b\",\"name\":\"Yasmin Werner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coincentral.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/02\/cropped-cropped-CCIcon-96x96.png\",\"contentUrl\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/02\/cropped-cropped-CCIcon-96x96.png\",\"caption\":\"Yasmin Werner\"},\"description\":\"Yasmin is a crypto content analyst and writer with over 2 years of experience. She has a strong understanding of the crypto market and blockchain technologies. As an avid trader who stays updated on the latest trends and news, Yasmin delivers insightful and informative content.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/yasmin-werner-383319351\/\",\"https:\/\/x.com\/thatsyamin\"],\"url\":\"https:\/\/coincentral.com\/author\/yasmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tether-Backed Twenty One Capital Debuts With $459M BTC Buy: What\u2019s Next for the Firm","description":"Twenty One Capital launches with $459M in Bitcoin, backed by Tether and SoftBank, aiming to lead as a BTC-native public firm.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/","og_locale":"en_US","og_type":"article","og_title":"Tether-Backed Twenty One Capital Debuts With $459M BTC Buy: What\u2019s Next for the Firm","og_description":"Twenty One Capital launches with $459M in Bitcoin, backed by Tether and SoftBank, aiming to lead as a BTC-native public firm.","og_url":"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/","og_site_name":"CoinCentral","article_published_time":"2025-05-13T23:28:28+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/bitcoin-1.jpg","type":"image\/jpeg"}],"author":"Yasmin Werner","twitter_card":"summary_large_image","twitter_creator":"@thatsyamin","twitter_misc":{"Written by":"Yasmin Werner","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/","url":"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/","name":"Tether-Backed Twenty One Capital Debuts With $459M BTC Buy: What\u2019s Next for the Firm","isPartOf":{"@id":"https:\/\/coincentral.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/#primaryimage"},"image":{"@id":"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/bitcoin-1.jpg","datePublished":"2025-05-13T23:28:28+00:00","author":{"@id":"https:\/\/coincentral.com\/#\/schema\/person\/c61167a9591d8b28e4c0da1ebc76936b"},"description":"Twenty One Capital launches with $459M in Bitcoin, backed by Tether and SoftBank, aiming to lead as a BTC-native public firm.","breadcrumb":{"@id":"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/#primaryimage","url":"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/bitcoin-1.jpg","contentUrl":"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/bitcoin-1.jpg","width":1200,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/coincentral.com\/tether-backed-twenty-one-capital-debuts-with-459m-btc-buy-whats-next-for-the-firm\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coincentral.com\/"},{"@type":"ListItem","position":2,"name":"Tether-Backed Twenty One Capital Debuts With $459M BTC Buy: What\u2019s Next for the Firm"}]},{"@type":"WebSite","@id":"https:\/\/coincentral.com\/#website","url":"https:\/\/coincentral.com\/","name":"CoinCentral","description":"Your Bitcoin, Ethereum, and other Cryptocurrency HQ","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coincentral.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coincentral.com\/#\/schema\/person\/c61167a9591d8b28e4c0da1ebc76936b","name":"Yasmin Werner","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coincentral.com\/#\/schema\/person\/image\/","url":"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/02\/cropped-cropped-CCIcon-96x96.png","contentUrl":"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/02\/cropped-cropped-CCIcon-96x96.png","caption":"Yasmin Werner"},"description":"Yasmin is a crypto content analyst and writer with over 2 years of experience. She has a strong understanding of the crypto market and blockchain technologies. As an avid trader who stays updated on the latest trends and news, Yasmin delivers insightful and informative content.","sameAs":["https:\/\/www.linkedin.com\/in\/yasmin-werner-383319351\/","https:\/\/x.com\/thatsyamin"],"url":"https:\/\/coincentral.com\/author\/yasmin\/"}]}},"_links":{"self":[{"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/posts\/38067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/users\/9006"}],"replies":[{"embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/comments?post=38067"}],"version-history":[{"count":1,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/posts\/38067\/revisions"}],"predecessor-version":[{"id":38070,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/posts\/38067\/revisions\/38070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/media\/35557"}],"wp:attachment":[{"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/media?parent=38067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/categories?post=38067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/tags?post=38067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}