Tether Group and Bitfinex have invested a total of 25,812.22 BTC in Twenty One Capital, a Bitcoin-centric company set to go public via a merger with Cantor Equity Partners. This investment is part of a larger capital raise of $585 million aimed at enhancing Twenty One's Bitcoin holdings, making it one of the largest Bitcoin treasuries globally. Co-Founder Jack Mallers believes Bitcoin will provide a stable monetary measure and aims to create valuable opportunities for stakeholders in the public market, advocating for a new market built by Bitcoin enthusiasts.
"Markets need reliable money to measure value and allocate capital efficiently," said the Co-Founder and CEO of Twenty One Jack Mallers. "We believe that Bitcoin is the answer, and Twenty One is how we bring that answer to public markets."
The raise was to feature $385 million in convertible senior secured notes and $200 million in PIPE financing, with proceeds expected to be used for further Bitcoin purchases.
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