Tether, SoftBank Launch $3 Billion Bitcoin Investment Venture

Tether, SoftBank Group, and Cantor Equity Partners have launched ‘Twenty One,’ a new Bitcoin investment platform with over 42,000 BTC in assets, on October 20, 2023. This venture marks a significant milestone in institutional Bitcoin adoption. With its substantial scale and alignment of capital, Twenty One is poised to reshape market dynamics. SoftBank’s interest in cryptocurrency, spearheaded by Masayoshi Son, plays a crucial role in this initiative. The collaboration, joined by Cantor Fitzgerald’s SPAC arm, aims to redefine institutional Bitcoin holdings. This launch positions Twenty One as the world’s third-largest public Bitcoin treasury.