Right this moment, 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’ lately launched Bitcoin treasury firm, Twenty One Capital, which plans to finally go public below the ticker $XXI.
“Pursuant to the Enterprise Mixture Settlement, Tether agreed that inside ten (10) enterprise days thereof, it will buy various 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, equivalent to Bitwise and Metaplanet, have achieved 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 Buyers for a purchase order value of $458,700,000,” the submitting additional said.
Cantor Fairness Companions Inc., at the moment buying and selling below the ticker CEP, is now dwell within the markets as it really works towards finishing its merger with Twenty One Capital. CEO Jack Mallers lately emphasised the agency’s aggressive Bitcoin acquisition technique, stating: “We do intend to boost as a lot capital as we presumably can to accumulate Bitcoin… We’ll by no means have Bitcoin per share damaging. At the least that’s our intent. Our intent is to verify when you’re 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 trade giants like Technique.
In an additionally latest interview, Jack Mallers described Twenty One Capital’s mission clearly: “We wish to be the last word automobile 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 title, it’s on our board, it’s at our management.”
