Tether, Bitfinex Back 21 Capital’s 42K BTC Nasdaq Bid

Tether, Bitfinex Back 21 Capital’s 42K BTC Nasdaq Bid
This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.

Tether and Bitfinex have transferred over 25,000 BTC to support Jack Mallers’ new investment firm, 21 Capital, which aims to amass 42,000 BTC and list on Nasdaq. The aggressive Bitcoin accumulation strategy mirrors MicroStrategy’s approach, with SoftBank reportedly contributing $900 million in BTC. Meanwhile, Tether expands into AI, gold-backed tokens, and commodity trading.

  • 21 Capital plans to list on Nasdaq (symbol 'XXI') after merging with SPAC Cantor Equity Partners, targeting 42,000 BTC to rival major Bitcoin holders.
  • Tether's omnichain gold stablecoin XAUT0, launched on TON, enables cross-chain transfers via LayerZero, accessible to Telegram's built-in wallet users.
  • Tether acquired 70% of Adecoagro to integrate USDT into commodity trading (e.g., rice, bioethanol), signaling a shift toward real-world asset adoption.
Notifications 0