Tether Transfers $3.9B of BTC to Back Twenty One Capital

Tether, the stablecoin issuing company, has moved bitcoin (BTC) worth approximately $3.5 billion to Twenty One Capital, a Bitcoin-native public entity. According to a recent X post, Tether’s CEO, Paolo Ardoino, noted that the firm was transferring roughly 10,500 BTC as part of a pre-funding of SoftBank’s investment in Twenty One Capital.

BTC Transfer Worth Millions of Dollars

Additionally, Ardoino also shared another transaction of 917 BTC, worth $97 million, transferred to a wallet linked with convert investors holding equity rights in the venture.  

Despite the asset’s recent pullbacks, Tether continues to show no signs of slowing down in BTC transactions. At the time of writing, the crypto asset trades at over $105,500, below its all-time high of approximately $112,000.

Notably, Twenty One Capital’s primary objective is to redefine the future of finance by enabling lending, custody, and asset issuance to function seamlessly on the Bitcoin blockchain.

Meanwhile, the firm recently finalized the acquisition of 4,812 BTC, worth $458 million at the time. CoinTab reported the move from an integral component of a private investment in public equity (PIPE) arrangement. The development was associated with the company’s special purpose acquisition company (SPAC), which merged with Cantor Equity Partners.

In addition to the transfer, a day earlier, a large chunk of 25,812 BTC was moved across three separate transactions, worth roughly $2.7 billion at the time.

Among the transfers was a significant 7,000 BTC sent by Bitfinex crypto exchange, worth over $730 million. This marks its investment in Twenty One. Tether moved 14,000 BTC and another 4,812 BTC ($500 million) prior to the funding equity raise.

BTC Buying Spree

Currently, Twenty One Capital is the third-largest corporate holder of BTC globally. Strategy (formerly MicroStrategy) comes first, followed by Bitcoin mining firm MARA. On June 2, 2025, the business intelligence firm added 705 BTC ($10.7 million) to its bitcoin portfolio. However, the purchase is at its lowest since March.

Similarly, Japanese investment firm Metaplanet continued its buying spree. The company acquired 1,088 BTC. Following the purchase, the BTC investment pushed the firm’s BTC holding to approximately 8,888, valued at $933 million.

Meanwhile, in April of this year, Tether increased its bitcoin holdings with a purchase of 8,888 BTC, valued at $735 million. The acquisition brought the company’ Bitcoin reserve to 100,521 BTC ( $8.46 billion).

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