Tether moved a combined Bitcoin of 37,229.69, worth around 3.9 billion dollars, to address the new Bitcoin native financial platform, Twenty One Capital, led by the CEO of Strike Jack Mallers.
Tether CEO, Paolo Ardoino, posted two transfers totaling 11,417 BTC ($ 1.2 billion) according to a position of June 3.
In a transaction, the Stablecoin transmitter transferred 10,500 Bitcoin (BTC) (approximately $ 1.1 billion) to an address linked to the SoftBank investment option in twenty. The executive said it was part of the pre-financing of SoftBank’s investment in the Bitcoin platform.
In another position, Ardoino said that Tether had made a separate transfer of 917 BTC to a portfolio associated with converted investors holding equity rights in the company. The pieces were worth around $ 96 million at the time of the editorial staff.
Tether moves $ 3.9 billion in Bitcoin
The largest batch was moved sooner, when Ardoiino said three transactions totaling 25,812 BTC, worth around 2.7 billion dollars at the time.
This included a transfer of 7,000 BTC, worth more than $ 730 million, Bitfinex as part of its investment in twenty One, followed by a transfer of 14,000 BTC of Tether, and 4,812.22 BTC (around 500 million dollars) representing the pre -pre -founded pre -pre -e -pre -pre -order.
Twenty-one Capital aims to develop an infrastructure of native Bitcoin capital markets, allowing products such as loans, custody and the issue of assets to operate directly on Bitcoin rails.
It plans to become a public via a merger of the acquisition company for special purposes (SPAC) with Cantor Cantor Equity Partners of Cantor Fitzgerald, which values the company at $ 3.6 billion.
Twenty One is already the third corporate bitcoin holder in the world, dragging only behind the strategy (formerly Microstrategy) and the Bitcoin extraction company, Mara Holdings.
In relation: Blockchain Group adds $ 68 million in Bitcoin to corporate cash flow
The strategy moves from proof of reserve
High level transactions also highlight an increasing fracture in the approach of the transparency of the cryptographic industry.
At the Bitcoin 2025 conference in Las Vegas, the executive president of the strategy Michael Saylor said that the publication of proof of ONCHAIN reservations is a “bad idea” that could present security risks. Saylor said that this dilutes the security of all those involved, including the issuer, guards, exchanges and investors.
Despite Saylor’s commitment to privacy, the Blockchain Arkham Intelligence analysis company tried to identify the company’s portfolios. On May 29, Arkham said that he managed to find 87% Bitcoin onchain of Strategment.
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