Tether Transfers $2 Billion in Bitcoin to Jack Mallers’ Twenty One Capital

Tether has made a significant move by transferring 14,000 Bitcoin, worth nearly $2 billion, to Jack Mallers’ company, Twenty One Capital. This transaction signals Tether’s commitment to increasing its investments in Bitcoin and reflects institutional confidence in the cryptocurrency market. The transfer is expected to have an impact on the cryptocurrency market dynamics, particularly in terms of transparency.