Tether moves $3.9B in BTC to back Twenty One Capital

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Tether has moved a combined 37,229.69 Bitcoin, worth approximately $3.9 billion, to addresses linked to the new Bitcoin-native financial platform, Twenty One Capital, led by Strike CEO Jack Mallers.

Tether CEO Paolo Ardoino posted two transfers totalling 11,417 BTC ($1.2 billion) in a June 3 X post.

In one transaction, the stablecoin issuer transferred 10,500 Bitcoin (BTC) (about $1.1 billion) to an address linked to SoftBank’s investment option in Twenty One. The executive said this is part of the pre-funding of SoftBank’s investment in the…



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Tether moves $3.9B in BTC to back Twenty One Capital



Tether has moved a combined 37,229.69 Bitcoin, worth approximately $3.9 billion, to addresses linked to the new Bitcoin-native financial platform, Twenty One Capital, led by Strike CEO Jack Mallers.

Tether CEO Paolo Ardoino posted two transfers totalling 11,417 BTC ($1.2 billion) in a June 3 X post.

In one transaction, the stablecoin issuer transferred 10,500 Bitcoin (BTC) (about $1.1 billion) to an address linked to SoftBank’s investment option in Twenty One. The executive said this is part of the pre-funding of SoftBank’s investment in the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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