Sea 14. May 2025 ▪
4
min at reading ▪
Tether has just won nearly half a billion dollars in Bitcoins in a major strategic operation. This transaction is preparing to launch Twenty One, a new bitcoin money company that is about to enter NASDAQ via the SPAC fusion. A maneuver that could define the standards of institutional cryptus management.
In short
- Tether won $ 4,812,22 bitcoins for $ 458.7 million, for twenty -one.
- The company will focus on cash flow of 42,000 BTC ($ 4.4 billion) after its quote in Nasdaq.
- Jack Mallers, CEO of Strike, will manage this company birth from the alliance between Tether, Bitfinex, Cantor Fitzgerald and SoftBank.
- Twenty -one will offer innovative financial services, including loan bitcoins.
Tether buys $ 459 million in bitcoins to finance cash company
On Tuesday, May 13, the document made by SEC revealed the scope of the operation. Tether received $ 4,81222222 for a unit price of $ 95,319.83 for a total investment of $ 458.7 million. This acquisition represents the cornerstone of the start of twenty.
These bitcoins will be converted to twenty one after completion of its SPAC merger with partners of Cantor Equity Partners. This operation will allow companies to access NASDAQ under the XXI symbol. Bitcoins will be sold at the initial purchase price without value added, which shows the strategic nature of the investment.
Twenty -one is the result of cooperation between the giants in the sector: Tether, Bitfinex, Cantor Fitzgerald and SoftBank Group. The company’s aim is to transform institutional management of digital assets with innovative services such as Bitcoins Loan. Tether and Bitfinex will have the majority participation and the softBank will retain the minority part.
The expected initial treasure of 42,000 BTC – approximately $ 4.4 billion during the current course – immediately places twenty one among the main institutional holders of Bitcoins. Jack Mallers, currently CEO of Strike, will take over the administration of this new entity.
The operation benefits from a favorable context. Bitcoin keeps its fortress around $ 104,000, only 4 % of its historical record $ 10866. Improvement of Chinese American business relations contributed this week to revive the market markets.
An innovative economic model that attracts institutional
Twenty -one develops a complete ecosystem around Bitcoins. In addition to storage, it offers BTC credit services and other sophisticated financial products for institutional investors.
In order to finance its expansion, the company plans to increase another $ 600 million: 385 million through a convertible and 200 million investment capital. These funds will be used mainly to increase bitcoin reserves and the development of operational activities.
This strategy is part of the growing tendency of institutional accumulation. The strategy holds nearly $ 60 billion in bitcoins, while Marathon Digital, Semler Scientific and Metaplanet accepted similar approaches. Twenty -one entry amplifies this movement and confirms the development of bitcoins on a recognized reserve asset.
Tether’s investment in twenty -one means a major step in the institutionalization of bitcoins. While Queen Kryptos becomes a central element of business cash strategies, the boundaries between traditional financial and digital markets are still disappearing.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.