Tether Transfers 25,812 Bitcoin to Twenty One Capital

• Lyla Velez
• June 3, 2025
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In a major transaction, Tether has transferred 25,812 Bitcoin to Twenty One Capital, a Bitcoin treasury company led by Jack Mallers.

Twenty One Capital’s Bitcoin acquisition underscores a growing trend of institutional involvement in cryptocurrency markets, which may influence Bitcoin’s price dynamics.

Tether has transferred a substantial amount of Bitcoin to Twenty One Capital, as part of a pre-funding agreement. Jack Mallers, CEO of Twenty One Capital, confirmed the transaction.

Paolo Ardoino, Tether’s CEO, confirmed the movement of 25,812 Bitcoin through social media, highlighting the pre-funding agenda for Twenty One Capital’s initial equity raise.

The transfer influences Bitcoin markets, contributing to industry-wide changes. This move could elevate Twenty One Capital as a prominent corporate Bitcoin holder.

Financially, Tether’s transfer is linked to a convertible equity raise involving $685 million. These funds position Twenty One Capital competitively in the Bitcoin treasury sector.

Jack Mallers, Founder of Strike and CEO of Twenty One Capital, – “With the new capital raise, we are looking to solidify our position as one of the top corporate holders of Bitcoin, surpassing our competitors.” source

Jack Mallers aims to position Twenty One Capital as a leading corporate Bitcoin holder, mirroring a trend initiated by MicroStrategy in 2020 with their strategic Bitcoin acquisitions.

Twenty One Capital’s strategy highlights a shift towards significant Bitcoin asset management, with long-term implications for corporate holdings and the broader cryptocurrency market. Transparency initiatives may propel future regulatory considerations.