Stablecoin issuer Tether has invested $458.7 million in Bitcoin on behalf of Twenty One Capital, a Bitcoin investment firm currently preparing for a merger with Cantor Equity Partners. The move is part of the firm’s strategy to become a major player in Bitcoin investments, aiming to surpass competitors like Strategy and MARA Holdings in Bitcoin holdings. The investment was made through Tether’s escrow wallet on May 9th, as revealed by a May 13 filing with the US Securities and Exchange Commission (SEC). This brings Twenty One’s total Bitcoin reserves to 36,312 BTC, while Cantor Equity Partners holds another 31,500 BTC in trust for the firm. The investment is seen as critical for Twenty One Capital’s upcoming SPAC merger with Cantor Equity Partners. Once the merger closes, Twenty One will be publicly traded under the ticker XXI.