
Tether Transfers Staggering $1.1 Billion in Bitcoin, CEO Speaks Out: A Deeper Dive into the Crypto World
$1,107,371,328 Bitcoin transfer by Tether stuns market, CEO ends speculation[...]
Billion-Dollar Bitcoin Transactions Linked to SoftBank's Entry into Twenty One Capital
Over the past 48 hours, more than $4 billion worth of Bitcoin has been transferred to new wallets, all tied to Twenty One Capital (XXI). This Bitcoin-focused investment fund, supported by institutional heavyweights like Tether, Bitfinex, and SoftBank, is focused on long-term BTC holdings rather than short-term speculation.
The most recent transaction involved 10,500 BTC (valued at over $1.1 billion) moving from Bitfinex's hot wallet to a new address. Tether CEO Paolo Ardoino confirmed this transfer was part of the pre-funding process for SoftBank's involvement in Twenty One Capital.
Twenty One Capital stands apart from traditional funds. Its mission is to safeguard capital in Bitcoin while leveraging it to expand into equity and debt markets—a strategy reminiscent of past financial transformations, but now with institutional backing from the outset.
The fund's key stakeholders include Tether, Bitfinex, SoftBank, and Cantor Fitzgerald, with Brandon Lutnick at the helm. The financial commitments are substantial: Tether is contributing $1.5 billion in BTC, SoftBank $900 million, and Bitfinex $600 million. An additional $550 million is expected from convertible debt and private placements.
This development underscores the increasing institutional confidence in Bitcoin and the innovative approaches being adopted to maximize its potential.