Tether Buys $459M in Bitcoin for Twenty One Capital Launch

Tether Buys $459M in Bitcoin for Twenty One Capital Launch

Tether has made a significant investment in Bitcoin, paying $458.7 million for 4,812 BTC on behalf of Twenty One Capital, a new Bitcoin treasury business that Jack Mallers created. The purchase was carried out at an average price of $95,320 per Bitcoin, as revealed by Cantor Equity Partners in a May 13 report to the U.S. Securities and Exchange Commission (SEC). In April, Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group unveiled Twenty...

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