Tether moves $3.9B in Bitcoin to Twenty One Capital
Tether and Bitfinex moved $3.9 billion in Bitcoin to Jack Mallers’ Twenty One Capital, now the third-largest corporate BTC holder after Strategy and MARA.
Tether has moved a combined 37,229.69 Bitcoin, worth about $3.9 billion, to addresses linked to the new Bitcoin-native financial platform, Twenty One Capital, led by Strike CEO Jack Mallers.
Tether CEO Paolo Ardoino posted two transfers totaling 11,417 BTC ($1.2 billion) according to a June 3 X post.
In one transaction, the stablecoin issuer transferred 10,500 Bitcoin (BTC) (about $1.1 billion) to an address linked to SoftBank’s investment option in Twenty One. The executive said it was part of the pre-funding of SoftBank’s investment in the Bitcoin platform.