Stablecoin issuer Tether just transferred another 14,000 BTC or $1.46B worth to a Twenty One Capital controlled address, bc1q8. Tether still holds 84,072 BTC worth just over $8.86B. Alongside this transfer, a transfer of 7,000 BTC, worth $737M, was also made from Bitfinex to Twenty One Capital at the address, bc1q4. These transfers follow an initial transfer from Tether of 4,812 BTC to a PIPE wallet address in May this year, bringing Twenty One Capital’s holdings to a total of 25,812 BTC or $2.7B worth.
Twenty One Capital is a joint venture between US financial services company, Cantor Fitzgerald, Softbank, Bitfinex and Tether, with the goal of forming a Bitcoin treasury company, following the playbook of Michael Saylor’s Strategy (formerly MicroStrategy). The company will trade under the ticker XXI.
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