Tether Invests $459 Million in Bitcoin for Nasdaq Listing – Twenty One Unveiled

Tether has made a significant move, investing nearly half a billion dollars in Bitcoin to fuel the launch of its new treasury company, Twenty One. This strategic initiative will prepare Twenty One for a listing on the Nasdaq via a SPAC merger and potentially redefine institutional crypto management standards. 4,812.22 bitcoins were acquired at an average price of $95,319.83, totaling $458.7 million. This move positions Twenty One to target a Bitcoin treasury of $42,000 BTC (roughly $4.4 billion) after its anticipated Nasdaq debut under the symbol XXI.