Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Tim Draper Predicts Bitcoin Could Hit $250K This Year

    K Wave Media Stock Surges Following Bitcoin Acquisition Plan

    K Wave Media Boosts Bitcoin Reserves, Shares Surge 130%

    K Wave Media Plans Bitcoin Acquisition, Stock Surges 130%

    K Wave Media’s Stock Soars Amid Bitcoin Investment Plan

    K Wave Media to Acquire Bitcoin in New Strategy

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    SEC Delays Decision on Canary’s Litecoin ETF Proposal

    SEC Delays Decision on Canary Spot Litecoin ETF

    SEC Postpones Decision on Canary’s Litecoin ETF Proposal

    SEC Postpones Decision on Canary Spot SUI ETF

    Cardano CEO Meets Franklin Templeton on Blockchain Strategy

    Dogecoin’s Bearish Pattern Indicates Upcoming 15% Price Drop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Tether-Backed Firm Acquires Bitcoin Worth $458.7M

Solomon M. by Solomon M.
May 14, 2025
in Bitcoin News
Key Takeaways:
  • Main event involves a significant Bitcoin acquisition backed by Tether.
  • This move mirrors MicroStrategy’s treasury strategy.
  • Aims to strengthen Bitcoin’s institutional role.
tether-backed-firm-acquires-bitcoin-worth-458-7m
Tether-Backed Firm Acquires Bitcoin Worth $458.7M

The acquisition underscores an institutional drive to cement Bitcoin as a central treasury asset, enhancing market stability.

Twenty One Capital, a Bitcoin investment firm newly formed after a SPAC merger with Cantor Equity Partners, recently acquired 4,812 BTC at an average price of $95,319 per BTC. Tether, the leading issuer of USDT stablecoin, has played an instrumental role as a primary backer in this purchase. With this move, Twenty One Capital is now the third-largest corporate holder of Bitcoin, strengthening its reserve to potentially surpass 42,000 BTC.

“Twenty One Capital’s strategy mirrors that of companies like MicroStrategy, focusing on Bitcoin as a primary treasury asset. This initial $458.7 million purchase signals the start of what the company has indicated will be ongoing Bitcoin acquisitions…” – Jack Mallers, CEO, Twenty One Capital

The transaction was supported by various funding strategies, including $385 million from convertible senior secured notes and $200 million from common equity PIPE. Cantor Fitzgerald’s affiliate, Cantor Equity Partners, and SoftBank Group are also part of this involvement, providing significant backing to the venture. This initiative echoes MicroStrategy’s approach, focusing on using Bitcoin as a key treasury asset for institutional investors.

This acquisition could affect Bitcoin’s market perception by boosting confidence in its role as an institutional asset. While Tether may gain enhanced legitimacy, no immediate impact is observed on Ethereum or other altcoins. Despite excitement in public channels over institutional inflows into Bitcoin, no major regulatory changes have been announced.

The backing of Cantor Fitzgerald and involvement of Tether and Bitfinex highlight an institutional integration trend within capital markets. Expert opinion suggests such acquisitions can trigger substantial price movements, akin to those observed with previous large-scale corporate investments in Bitcoin. Regulatory and technological outcomes could include increased SEC scrutiny and enhanced Bitcoin treasury adoption across industries.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Top New Meme Coins to Buy This Week: BTFD, PEPE, and FLOKI Make Major Moves

Next Post

Best AI Coins to Watch Under $0.01 in 2025, Unstaked, Velas, Phala & More

Solomon M.

Solomon M.

Related Posts

Tim Draper Predicts Bitcoin Could Hit $250K This Year

by Solomon M.
June 5, 2025

Venture capitalist Tim Draper forecasts Bitcoin's rise to $250K, impacting market expectations.

K Wave Media Stock Surges Following Bitcoin Acquisition Plan

by Solomon M.
June 5, 2025

Nasdaq-listed K Wave Media's shares soar 130% after announcing a new Bitcoin acquisition strategy.

K Wave Media Boosts Bitcoin Reserves, Shares Surge 130%

by Solomon M.
June 5, 2025

K Wave Media announces a $500M Bitcoin acquisition; shares rise on strategy shift.

K Wave Media Plans Bitcoin Acquisition, Stock Surges 130%

by Solomon M.
June 5, 2025

K Wave Media's Bitcoin acquisition strategy leads to a stock surge of 130% on Nasdaq.

K Wave Media’s Stock Soars Amid Bitcoin Investment Plan

by Joshua T.
June 5, 2025

South Korea's K Wave Media's shares skyrocket after announcing a major Bitcoin acquisition strategy.

K Wave Media to Acquire Bitcoin in New Strategy

by Adriana M.
June 5, 2025

K Wave Media plans to buy Bitcoin using $500M equity, boosting its stock 130% on Nasdaq.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.