Tether Sends 917 BTC to Fund Capital Deal

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On June 3, 2025, Tether CEO Paolo Ardoino announced a transfer of 917.47 BTC, valued at approximately $96.5 million, to support the pre-funding of equity options for Twenty One Capital.

This transaction is part of a series of significant Bitcoin transfers by Tether and Bitfinex to Twenty One Capital, totaling over 25,812 BTC (approximately $2.7 billion). The funds are intended to facilitate investor conversion options and bolster the firm's capital structure.

Twenty One Capital, led by CEO Jack Mallers, aims to establish itself as a major Bitcoin treasury company, competing with firms like MicroStrategy. The substantial backing from Tether and Bitfinex underscores the growing institutional interest in Bitcoin and the strategic moves by major crypto entities to support such ventures.


Discussion Questions:

What implications do these large-scale Bitcoin transfers have for the broader cryptocurrency market?

How might Tether's involvement influence investor confidence in Twenty One Capital?

Could this signal a trend of increased collaboration between stablecoin issuers and Bitcoin-focused investment firms?