Tether Invests in Twenty One Capital, Driving Major Bitcoin Holdings ahead of SPAC

Stablecoin giant Tether has made a significant investment in Twenty One Capital, purchasing 4,812.2 Bitcoin for the firm. This purchase adds to their already substantial holdings and sets up Twenty One Capital for success in its upcoming special-purpose acquisition merger (SPAC). The deal highlights growing institutional interest in Bitcoin as firms seek direct exposure to the cryptocurrency. Tether’s investment of $458.7 million, alongside backing from Bitfinex and SoftBank, will position Twenty One Capital as a leader in Bitcoin ownership.