Tether-Backed Firm Doubles Bitcoin Holdings for Upcoming IPO

A U.S. SEC filing reveals that the firm, backed by prominent players like Bitfinex and SoftBank, has significantly increased its Bitcoin holdings. The purchase of 4,812 BTC at an average price of $95,319 each brings the firm’s total to over 36,000 BTC, positioning it as the third-largest corporate holder globally. This move strengthens their strategy to gain a dominant position in the digital asset space before its anticipated public listing via a SPAC merger with Cantor Equity Partners.