Tether Transfers $2.7 Billion Bitcoin to Twenty One Capital for Liquidity Boost

Coin WorldMonday, Jun 2, 2025 5:31 pm ET
1min read

Tether and

have executed a significant financial maneuver by transferring 25,812 Bitcoin, valued at approximately $2.7 billion, to Twenty One Capital. This strategic move is part of a broader initiative aimed at enhancing liquidity and transparency within the Bitcoin ecosystem. The transfer was initially hinted at by Twenty One Capital CEO Jack Mallers, who emphasized the importance of transparency in transactions by providing wallet addresses for the Bitcoin intended for acquisition.

The transfer is expected to bolster Twenty One Capital's operations during its initial equity raise, as stated by Paolo Ardoino, Tether’s CEO and Bitfinex’s chief technical officer. This move underscores the company’s commitment to facilitating growth within the Bitcoin ecosystem. The pre-funding is seen as a crucial step in enhancing liquidity and transparency, which are essential for the company's future endeavors.

Twenty One Capital has recently announced plans for a SPAC merger with

Partners, aiming to list on Nasdaq under the ticker XXI. This merger aligns with the trend of traditional companies integrating cryptocurrency into their business models, echoing tactics utilized by firms like . The market reacted positively to the announcement, with shares surging, reflecting investor confidence in the strategic integration of cryptocurrency and traditional finance.

Looking ahead, Twenty One Capital intends to raise $100 million via convertible notes, which can be converted into equity at a later stage. These notes are seen as a vital funding mechanism to increase Bitcoin acquisition. Mallers emphasized that the company would transparently share wallet addresses to demonstrate its commitments, showcasing a push for industry accountability.

The recent Bitcoin transfer by Tether to Twenty One Capital marks a pivotal moment in the integration of cryptocurrency and traditional finance. As the market continues to evolve, maintaining transparency and strategic collaborations will be essential. Stakeholders are urged to remain vigilant as further developments unfold in this dynamic landscape.