Crypto

Tether buys $ 458 million bitcoin dollars for the rival strategy twenty-one capital

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TETHER bought $ 458.7 million in Bitcoin for twenty one capital, an investment company in crypto It backs which says that it wants to go beyond the strategy (formerly Microstrategy) as the largest BTC company holder.

At May 13 deposit revealed that Tether had acquired 4,812 Bitcoin at an average purchase price of $ 95,319. The BTC has been transferred to an entire portfolio while twenty one capital is preparing to finish a spac merger with Cantor Equity Partners.

Bitcoin

Twenty-one capital is already the third holder of the corporate BTC

Twenty -one Capital is already the third company Bitcoin holder, behind the Bitcoin, Mara Holdings – Extraction Company – and is positioned as a more “capital economy” vehicle for investors who are looking for direct exposure to Bitcoin.

Twenty-one Capital's Holdings amounts to 36,312 bitcoin after the recent purchase by Attached. Bitcointheries data shows The strategy contains 568,840 BTC, while Mara Holdings has 48,237 BTC in her reserves.

Twenty-one capital aims to go beyond the strategy, to become a “higher” investment vehicle

Twenty a capital said in April presentation At the dry, he wants to go beyond Michael Saylor's strategy as a biggest business bitcoin holder. The company also wishes to become a “superior vehicle” for investors looking for an “capital economical Bitcoin in capital”.

He promises to be a “pure” BTC game for investors who seek to strengthen the exhibition to the market leader in cryptography.

The spac is supported by several conglomerates. In addition to Tether, the issuer of the largest stablecoin by market capitalization, the company also has the support of the heavy goods vehicle from Wall Street, Cantor Fitzgerald, who sponsors the merger and obtained $ 585 million in funding to support the acquisitions of the company's BTC.

The Japanese investment company Softbank has also invested $ 900 million in twenty-one capital.

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