Bitcoin Investment Firm Acquires $458.7M Worth of Bitcoin: A Major Institutional Play

A prominent Bitcoin investment firm, Twenty One Capital, has made a significant move in acquiring nearly $458.7 million worth of Bitcoin. This acquisition, backed by Tether stablecoin issuer, signals a trend toward institutional adoption of Bitcoin as a core asset within their treasury. The firm, newly formed after merging with Cantor Equity Partners, joins the ranks of companies like MicroStrategy that have adopted this strategy.