Cantor Equity Partners, Inc. disclosed that Tether acquired 4,812.2 Bitcoin for $458.7 million for the Bitcoin treasury company, Twenty One Capital, founded by Jack Mallers. This acquisition aims to enhance Tether's portfolio and provides transparency as the Bitcoin holdings will be visible in a digital wallet online. Mallers stressed an aggressive strategy to raise capital for further Bitcoin acquisitions, intending to ensure shareholders of Twenty One Capital increase their wealth in Bitcoin terms as it goes public.
"We do intend to raise as much capital as we possibly can to acquire Bitcoin... We will never have Bitcoin per share negative. Our intent is to make sure when you are a shareholder of Twenty One that you are getting wealthier in Bitcoin terms."
"Pursuant to the Business Combination Agreement, Tether agreed that within ten (10) business days thereof, it would purchase a number of Bitcoin equal to an aggregate purchase price of $458,700,000."
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