Tether moved a combined 37,229.69 Bitcoin, worth nearly $ 3.9 billion, to addresses linked to the new Bitcoin-King-native financial platform, twenty-one capital, led by strike CEO Jack Malers.
Tether CEO Paolo Ardoino posted two transfers with a total of 11,417 BTC ($ 1.2 billion) according to a June 3 x post.
In a transaction, the Stablecoin release moved 10,500 bitcoin (Btc) (about $ 1.1 billion) to an address linked to the Softbank investment option to twenty -one. The executive said it was part of the Softbank’s pre-funding investment on the Bitcoin platform.
In another post, ardoino Says Tether made a separate move of 917 BTC in a purse associated with investors holding up equity rights in adventure. Coins cost about $ 96 million at the time of writing.
Tether moves $ 3.9 billion in Bitcoin
The largest batch was moved a day before, when Ardoino reported three transactions covering 25,812 BTC, worth nearly $ 2.7 billion at that time.
That is included A 7,000 transfer of BTC, worth more than $ 730 million, from Bitfinex as part of its investment in twenty -one, followed by a 14,000 BTC transfer from Tether, and 4,812.22 BTC (about $ 500 million) that represents Pre-funding for an initial increase of equity.
Twenty-one capital aims to develop the infrastructure of Bitcoin-native capital markets, allowing products such as lending, caution and properties to operate directly to bitcoin railroads.
It plans to go public through a special purpose of obtaining a company (SPAC) integration with Cantor Fitzgerald’s Cantor Equity Partners, that appreciates the company at $ 3.6 billion.
Twenty-one is the third-largest corporate holder who holds worldwide, Trailing Just behind the approach (former microstrategy) and bitcoin mining firm Mara Holdings.
Related: Blockchain Group adds $ 68m to Bitcoin to Corporate Treasury
The approach avoids proof-of-the-references
High profile transactions also feature a growing division of the crypto industry approach to transparency.
At the Bitcoin 2025 conference in Las Vegas, the Executive Executive approach Michael Saylor said that posting onchain proof-of-reserves was a “bad idea” that could pose security risks. Saylor said this indicates the security of all involved, including the giver, the carers, the exchange and the investors.
Despite Saylor’s promise in privacy, the Blockchain Analytics firm Arkham Intelligence has attempted to recognize the company’s purse. On May 29, Arkham claimed to be managed by it Find 87% of Strategy’s Bitcoin Onchain.
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