Tether and Jack Mallers' Twenty One Buy 4,812 BTC for $458M Ahead of Merger with Cantor Equity Partners
By: defi news|2025/05/13 22:01:19
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Tether has purchased 4,812 Bitcoin for $458 million, marking a significant investment in the cryptocurrency. This acquisition, executed at an average price of $95,300 per Bitcoin, is part of Tether's strategy ahead of launching its new Bitcoin treasury company, Twenty One, in collaboration with Jack Mallers.The Bitcoin acquired will be used to fund Twenty One, which is set to launch via a planned merger with Cantor Equity Partners, announced on April 22, 2025. This move has pushed Tether's total Bitcoin holdings past 100,000 BTC.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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