New Player Emerges in Bitcoin Acquisition: Twenty One Buys Massive Bitcoin Holdings

Twenty One, backed by the stablecoin giant Tether Holdings SA and SoftBank Group, has made a major statement in the crypto market by purchasing 4,812 Bitcoins for $458.7 million at an average price of $95,300. This acquisition is significant as it follows closely on the heels of the successful purchase of Bitcoin by Strategy, formerly MicroStrategy’s company. The firm, established by Cantor Fitzgerald, has emerged as a competitor to this innovative approach.