Jack Mallers’ Twenty-One Capital and Tether bought 4,812 Bitcoins for $458,700,000
Today, Cantor Equity Partners, Inc. In a new document with the SEC, Tether bought 4812.2 bitcoin finance companies recently formed by Jack Mallers, a new filing with the SEC, for a purchase of 4812.2 bitcoins, totaling $458.7 million, with a Twenty-one capital, and ultimately planned to be publicly publicly as Ticker $xxi $xxi.
“Under the Business Merger Agreement, Tether agreed that within its ten (10) business days, it will purchase many bitcoins, equaling the total purchase price of $458,700,000,” Cantor said in the filing. “With the convertible notes pipeline signed by PubCo and the company with certain investors on April 22, 2025, the remaining amount is less than $52,000,000), and such Bitcoins are placed in a digital wallet held or operated by or on behalf of Tether.
Tether holds Bitcoin in a digital wallet, where anyone can view the holdings online, further transparency into their holdings, similar to how some spot Bitcoin ETF issuers and other public companies such as Bitwise and Metaplanet complete their holdings.
The document further stated: “The initial Pipeline Bitcoin will be sold to PubCo via Tether at the end of the Enterprise Joint Agreement, which purchased the Pipeline Investment funds for $458,700,000 under the grant of Pipeline Investment.”
Cantor Equity Partners Inc. is currently trading under CEP and is currently residing in the market as it strives to complete the merger with Twit Ane Capital. CEO Jack Mallers recently highlighted the company’s aggressive Bitcoin acquisition strategy, noting: “We do intend to raise as much capital as possible to acquire Bitcoin … We will never own a stake in Bitcoin per share.
At the launch, the company will hold more than 42,000 bitcoins, which immediately became one of the largest company holders of BTC in the world, which is only behind industry giants such as strategy.
In a recent interview, Jack Mallers clearly described twenty-one capital missions: “We want to be the ultimate tool for capital markets to participate in Bitcoin… On top of Bitcoin, we are a core Bitcoin business. It is our founder, it is our name, it is on our board, under our leadership.”
