Today, Tether Group and Bitfinex have transferred a combined 25,812.22 BTC to support their investment in twenty-one capital, a newly formed Bitcoin-Native company that is public by a company combination with Cantor Equity partners (Nasdaq: CEP).
Tether moved 14,000 BTC to an address of twenty -one capital (XXI) and previously transferred 4,812.22 BTC to another address of twenty -one capital as part of their investment in the company.
Bitfinex has sent 7,000 BTC parallel to a twenty -one capital address, also as part of its investment.
These Bitcoin transfers come just over a month after twenty -one capital and CEP announced that the $ 585 million in extra capital collected when the business combination has been closing. The increase was with $ 385 million in convertible senior secure banknotes and $ 200 million in pipes (private investments in public shares) financing, with revenues that would be expected to be used for further Bitcoin purchases and general business purposes. Once completed, the company expects to launch with more than 42,000 BTC and it positions as the third largest Bitcoin Treasury in the world.
“Markets need reliable money to measure value and to assign 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 the public markets. Our mission is simple: becoming the most successful company in Bitcoin, the most valuable financial chance of our time. We are not here to defeat the market, we are here to build a new shares, built by Bitcoiners, for bitcoiners, for bitcoiners, for bitcoiners, for bitcoiners.”
The announcement came only a few days after Mallers had announced a new Bitcoin support during the Bitcoin conference in Las Vegas during the Bitcoin conference. The system offers interest rates between 9-13%, so that customers between $ 10,000 and $ 1 billion can borrow with Bitcoin as collateral.
“All these professional economists, they are like Bitcoin is risky and fleeting,” said Mallers. “No, it is not. This is the beautiful 7 years of volatility and the orange in the middle is Bitcoin. It is not more risky and more volatile. It is a bit more volatile than Apple, but is much less volatile than Tesla.”
“Life is short,” said Jack. “Make the journey, but with Bitcoin you can just take a better one.”