Tether and Bitfinex Transfer $2.7 Billion Worth of Bitcoin to Twenty One Capital

Jakarta, Pintu News – In a move that has shocked the crypto industry, Tether and Bitfinex have transferred $2.7 billion worth of Bitcoin (BTC) to Twenty One Capital, a new firm focused on Bitcoin storage.

This transfer is part of an ambitious plan to raise over 420,000 BTC, which would make Twenty One Capital one of the largest corporate Bitcoin holders in the world.

This move also marks a new era in which Bitcoin is gaining ground on Wall Street.

Twenty One Capital Transfer Details and Plans

Tether and Bitfinex have delivered a total of 25,812.22 BTC to Twenty One Capital, which recently announced a merger with SPAC Cantor Equity Partners and will be listed on Nasdaq under the code “XXI”.

Read also: Bitcoin Holds Strong at $105K on June 4 – Massive Whale Scoop of 79,244 BTC Sparks Bullish Frenzy!

This transfer consisted of several separate transactions, with Tether sending 14,000 BTC and Bitfinex 7,000 BTC. The rest were the initial funds that Tether had sent in mid-May.

Twenty One Capital plans to use these funds to finance further Bitcoin purchases, following the model that has been popularized by MicroStrategy.

This strategy involves using corporate debt to buy large amounts of Bitcoin, a tactic that is becoming increasingly popular among companies looking to capitalize on Bitcoin’s rising value.

Tether’s Expansion Beyond Crypto

On the other hand, Tether is not only focused on Bitcoin. Recently, it also announced the creation of an AI platform called QVAC, which operates directly from users’ devices and supports Bitcoin (BTC) and Tether (USDT) transactions.

In addition, Tether has expanded its business activities into the real sector by acquiring a 70% stake in Adecoagro, an agricultural and energy company in Latin America. This move shows that Tether is trying to integrate the use of USDT in trading commodities such as rice and bioethanol.

Paolo Ardoino, CEO of Tether, stated that commodity trading will be the main driver of USDT growth in the next five years.

Transparency and Public Trust

Jack Mallers, CEO of Twenty One Capital, has emphasized the importance of transparency and public trust in their operations.

Read also: Metaplanet Buys 1,088 Bitcoins, Its Total Investment Now Reaches $829.7 Million!

As proof of their commitment, Mallers has shared their Bitcoin wallet address as proof-of-reserve. This is an unusual but important step to ensure that all parties can verify the existence and security of the promised assets.

In addition, Mallers also plans to share more information regarding Bitcoin movements made by Tether and Bitfinex, including additional contributions made by Tether on behalf of SoftBank. This shows Twenty One Capital’s serious efforts to ensure that they not only comply with industry standards, but also lead the way in terms of transparency and accountability.

Overall, with this major move, Twenty One Capital and Tether have shown that Bitcoin is gaining acceptance in the mainstream investment environment.

Partnerships between crypto companies and traditional investment firms like Cantor Equity Partners signal a new era where digital assets like Bitcoin are not only seen as speculation, but also as legitimate and valuable investment assets.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Tether and Bitfinex Move 25,812 Bitcoin to Twenty-One Capital. Accessed on June 4, 2025
• Crypto News Flash. Tether and Bitfinex Back 21 Capital with 25k BTC Transfer. Accessed on June 4, 2025
• Crypto Times. Bitfinex, Tether Transfer 2.7B Bitcoin to Twenty-One Capital. Accessed on June 4, 2025