In a submitting with the US Securities and Alternate Fee on Might 13, Cantor Fairness Companions revealed that Tether purchased 4,812 Bitcoin for a complete of $458.7 million and a median worth of $95,320 per BTC.
The purchase was on behalf of Jack Mallers’ just lately launched Bitcoin treasury firm, Twenty One Capital.
Twenty One Capital, announced in April, is being fashioned by a collaboration between Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group, with plans to launch through a particular goal acquisition firm (SPAC) merger with Cantor Fairness Companions.
As soon as accomplished, the corporate will commerce on the Nasdaq beneath the ticker XXI.
— Paolo Ardoino (@paoloardoino) May 13, 2025
Tether’s Treasury Agency
Twenty One Capital plans to launch with a considerable treasury of greater than 42,000 BTC price roughly $4.4 billion. Tether and Bitfinex would be the majority house owners, with SoftBank holding a minority stake.
Below incoming CEO Jack Mallers, who additionally runs Bitcoin funds agency Strike, the enterprise goals to lift practically $600 million by convertible notes and private-equity investments. It intends to supply Bitcoin lending providers alongside different monetary merchandise.
The massive Bitcoin purchase additionally comes shortly after Tether reported greater than $1 billion in income within the first quarter.
Tether is amongst a number of giant firms which were aggressively scooping up BTC this month. Michael Saylor’s Technique hoovered up a whopping 13,390 Bitcoin for $1.34 billion whereas Japanese funding agency Metaplanet added a further 1,241 BTC to its treasury, which surpassed that of El Salvador on Might 12.
Company Shopping for Outpaces Retail
Bitcoin funding agency River reported that companies had been outpacing exchange-traded merchandise, governments, and even particular person buyers for general Bitcoin accumulation development this yr.
It famous that general company holdings development up to now in 2025 totalled 157,000 BTC, price greater than $16 billion at present costs.
Final month, Bitwise reported that a minimum of twelve public firms purchased Bitcoin for the primary time in Q1 2025, and the quantity of BTC held by publicly traded firms rose by 16% for the interval.
Over the weekend, CryptoQuant CEO Ki Younger Ju stated Technique had turned Bitcoin right into a deflationary asset because it was shopping for at a sooner price than complete miner output, giving the asset a -2.3% annual deflation price.
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