Twenty One Capital Acquires 4,812 Bitcoin with Tether Partnership

Twenty One Capital recently expanded its Bitcoin portfolio by securing 4,812 BTC. The acquisition, valued at $458.7 million, was executed through a partnership with Tether . This marks a bold move in the company’s strategic growth.

“We want to be the ultimate vehicle for the capital markets to participate in Bitcoin… building on top of Bitcoin. So we are a Bitcoin business at our core. It’s our founding, it’s in our name, it’s on our board, it’s at our leadership.” — Jack Mallers, CEO of Twenty One Capital

Institutional interest in Bitcoin is further validated by these actions, affecting market dynamics . Liquidation channels are expected to experience increased activity as institutional stakeholders participate, impacting both spot and futures BTC markets.

The strategic move by Twenty One Capital may lead to alterations in Bitcoin’s total value locked (TVL). It signifies a shift in corporate treasury strategies towards digital currencies, influencing financial frameworks and investment paradigms.

With Bitcoin acquiring heightened status as a corporate asset, similar interventions are anticipated among firms. Institutional influence in cryptocurrency markets is growing, promoting mainstream acceptance and stability for digital assets.

The alignment with Tether for acquisition augments Bitcoin’s adoption within capital markets. By holding a notable Bitcoin stake, Twenty One Capital aims to influence financial strategies while capitalizing on historical trends observed in cryptocurrency price movements.