Jack Mallers’ Twenty One Capital And Tether Bought 4,812 Bitcoin For

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Jack Mallers’ Twenty One Capital And Tether Bought 4,812 Bitcoin For $458,700,000

Today, Cantor Equity Partners, Inc. exposed in a brand-new filing with the SEC that Tether bought 4,812.2 Bitcoin for an overall of $458.7 million on behalf of Jack Mallers’ just recently released Bitcoin treasury business, Twenty One Capital, which prepares to ultimately go public under the ticker $XXI.

“Pursuant to the Business Combination Agreement, Tether agreed that within ten (10) business days thereof, it would purchase a number of Bitcoin equal to an aggregate purchase price of $458,700,000,” Cantor mentioned in the filing. “With the Convertible Notes PIPELINE, participated in on April 22, 2025 by Pubco and the Company with specific financiers, less a holdback quantity of $52,000,000), and location such Bitcoin in a digital wallet held or run by or on behalf of Tether.

Tether is holding the Bitcoin in a digital wallet, which anybody can see the holdings online here, showcasing additional openness into their holdings comparable to how some area Bitcoin ETF providers and other public corporations, such as Bitwise and Metaplanet, have actually finished with their holdings.

“The Initial PIPE Bitcoin will be sold by Tether to Pubco at the closing of the transactions contemplated by the Business Combination Agreement upon the funding of the PIPE Investments by the PIPE Investors for a purchase price of $458,700,000,” the filing even more mentioned.

Cantor Equity Partners Inc., presently trading under the ticker CEP, is now reside in the marketplaces as it pursues finishing its merger with Twenty One Capital. CEO Jack Mallers just recently highlighted the company’s aggressive Bitcoin acquisition method, specifying: “We do intend to raise as much capital as we possibly can to acquire Bitcoin… We will never have Bitcoin per share negative. At least that is our intent. Our intent is to make sure when you are a shareholder of Twenty One that you are getting wealthier in Bitcoin terms.”

At launch, the business will hold over 42,000 Bitcoin, quickly making it among the biggest business holders of BTC worldwide—just behind market giants like Strategy.

In an also current interview, Jack Mallers explained Twenty One Capital’s objective plainly: “We want to be the ultimate vehicle for the capital markets to participate in Bitcoin…building on top of Bitcoin. So we are a Bitcoin business at our core. It’s our founding, it’s in our name, it’s on our board, it’s at our leadership.”

This post Jack Mallers’ Twenty One Capital And Tether Bought 4,812 Bitcoin For $458,700,000 very first appeared on Bitcoin Magazine and is composed by Oscar Zarraga Perez.

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