Tether Funds Twenty One Capital’s Pre-IPO Bitcoin Acquisition

Leading stablecoin issuer Tether has injected another $458.7 million into Twenty One Capital, boosting its Bitcoin holdings ahead of the company’s planned Special Purpose Acquisition Company (SPAC) merger. The acquisition follows an agreement where Tether will transfer 4,812 Bitcoin to an escrow wallet to be sold to Twenty One Capital at the close of the merger. This addition brings Twenty One Capital’s total Bitcoin holdings to 36,312 BTC, placing it among the leading corporate Bitcoin holders.