Tether-Backed Company Buys 4,812 BTC for $458 Million as Corporate Bitcoin Adoption Accelerates

In the latest development in the growing landscape of corporate Bitcoin treasuries, Twenty One Capital, a newly launched Bitcoin investment firm spearheaded by Strike founder Jack Mallers, has acquired 4,812.2 BTC for $458.7 million.Trade Crypto on KrakenTether facilitates strategic Bitcoin purchase for Jack Mallers’ Bitcoin-first firmThe purchase, facilitated by Tether, was disclosed in a recent SEC filing submitted by Cantor Equity Partners, Inc., marking the company's first high-profile move in a bold strategy to become one of the largest Bitcoin holders in the world.Backed by heavyweight players such as Tether, Cantor Fitzgerald, and SoftBank, Twenty One Capital was created through a SPAC merger with Cantor Equity Partners and currently trades under the ticker CEP. Once the business combination is complete, the company intends to go public under the ticker $XXI.The Bitcoin acquisition was executed as part of a Private Investment in Public Equity (PIPE) transaction, with Tether temporarily holding the BTC in a transparent, publicly visible digital wallet. Upon the closure of the merger and the fulfillment of investor funding conditions, Tether will transfer the BTC to the newly formed public entity for the agreed $458.7 million. Tether-backed Twenty One Capital ( $XXI ) has just bought 4,812 $BTC for $458 million!On top of that, Strategy has bought 13,390 BTC and Metaplanet has bought 1,241 BTC this week.Corporates are scooping up #Bitcoin fast. pic.twitter.com/a0ymYnQD5g— CoinCodex (@CoinCodex) May 14, 2025Here's how Jack Mallers described Twenty One's approach:“We do intend to raise as much capital as we possibly can to acquire Bitcoin... Our intent is to make sure when you are a shareholder of Twenty One that you are getting wealthier in Bitcoin terms.”Announcing Twenty One: https://t.co/zg4PVHidw2Twenty One is a #Bitcoin-native company and the ultimate vehicle for capital markets to access #BitcoinWe intend to leverage capital markets to maximize #Bitcoin ownership per share (BPS) & pioneer #Bitcoin-native financial tools pic.twitter.com/RixWzvcL1y— Jack Mallers (@jackmallers) April 24, 2025The company launched with an impressive 42,000 BTC on its balance sheet, valued at approximately $3.6 billion at the time of purchase, placing it third among public companies with the largest Bitcoin holdings, behind only titans like Strategy.Majority-owned by Tether and its sister company Bitfinex, with SoftBank holding a minority stake, Twenty One Capital is setting the tone for a new generation of Bitcoin-native corporations. As Mallers put it:“We want to be the ultimate vehicle for the capital markets to participate in Bitcoin... 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.”Corporate Bitcoin accumulation enters a new eraTwenty One Capital’s bold entrance reflects a broader trend in the corporate world: the accelerated accumulation of Bitcoin by public companies. The momentum, spearheaded by Michael Saylor’s Strategy, is now being picked up by a growing list of institutions.Just days before Twenty One’s announcement, Strategy revealed it had added 13,390 BTC to its treasury between May 5 and May 11 for $1.34 billion, shortly after Bitcoin crossed the historic $100,000 mark on May 8. This pushed Strategy’s total holdings to an astonishing 568,840 BTC, purchased at an average price of $69,287 per coin.Strategy has acquired 13,390 BTC for ~$1.34 billion at ~$99,856 per bitcoin and has achieved BTC Yield of 15.5% YTD 2025. As of 5/11/2025, we hodl 568,840 $BTC acquired for ~$39.41 billion at ~$69,287 per bitcoin. $MSTR $STRK $STRF https://t.co/oSXRMwiTkU— Michael Saylor (@saylor) May 12, 2025Strategy's continued investment highlights the emergence of "Bitcoin yield" as a metric—focused on growing BTC holdings per share rather than traditional fiat returns. Following its latest acquisition, Strategy confirmed it had hit its 2025 Bitcoin yield target of 15.5%.In parallel, Nakamoto, a Bitcoin-native conglomerate led by Bitcoin Magazine CEO David Bailey, announced a merger with KindlyMD. With $510 million in PIPE financing and $200 million in convertible notes, Nakamoto is poised to become the first diversified Bitcoin conglomerate, maintaining its healthcare operations while building a Bitcoin-centric financial platform.Bitcoin becomes a strategic asset on corporate balance sheetsWith over 70 public and private companies now holding BTC, corporate Bitcoin adoption is rapidly evolving from a speculative experiment into a mainstream financial strategy. The launch of Twenty One Capital represents a new milestone, joining a cohort of institutional players including Metaplanet, Semler Scientific, KULR, and others that are closely modeling their playbooks on Strategy’s pioneering approach.As companies like Tether, Cantor Fitzgerald, and SoftBank back substantial Bitcoin positions, the notion of BTC as a core balance sheet asset is gaining traction—potentially reshaping how financial markets interact with decentralized assets.Kraken: Best crypto exchange for security & reliabilityBuy, sell, and trade 400+ cryptocurrencies with industry-leading securitySpot, Futures & Margin trading – leverage up to 5x for advanced tradersEarn rewards with staking on top cryptocurrencies24/7 customer support and high liquidity for fast tradesRegulated in the US with strong compliance and security measures13+ million users worldwideGet Started on Kraken