TLDR
- Tether and Bitfinex transferred a total of 25,812.22 BTC to Twenty One Capital.
- The Bitcoin transfer is part of a pre-funding round supporting the company’s public listing plan.
- Tether sent 14,000 BTC and 4,812.22 BTC in two separate transactions to different wallets.
- Bitfinex contributed 7,000 BTC to strengthen its collaboration with the Bitcoin-native firm.
- Twenty One Capital aims to build a 420,000 BTC stockpile and become the third-largest Bitcoin holder.
Tether has coordinated with Bitfinex to transfer 25,812.22 BTC to Twenty One Capital as part of an equity pre-funding. The Bitcoin-native firm plans to build a 420,000 BTC stockpile to become the third-largest corporate holder. The BTC move supports Twenty One Capital’s strategy before going public through a SPACE merger.
Tether Sends Over 18,800 BTC in Two Transactions
On Monday, Tether initiated two transactions to separate wallet addresses totaling 18,812.22 BTC for the collaboration. The first transaction involved 14,000 BTC, while the second moved 4,812.22 BTC to a distinct wallet. These funds will support Twenty One Capital’s pre-funding ahead of its public listing.
Tether Group had moved 4812.22029710 BTC to address bc1qzup4k7zn9jur7a8kz0dnaernzyf60h8ez6s9cpmp23wfw5djhvusd4p0v3 as part of the pre-funding of the initial convert/equity raise in Twenty One Capital (XXI)https://t.co/SqhVRzq3k9
— Paolo Ardoino 🤖 (@paoloardoino) June 2, 2025
The transactions align with Tether’s ongoing backing of large-scale Bitcoin projects and financial strategies. These BTC reserves form a critical part of the company’s long-term plan to raise capital. Tether’s transparency approach also includes wallet disclosures to build public trust.
Tether remains one of the most active corporate participants in large Bitcoin transfers for strategic partners. Through structured financial moves, it continues to strengthen its position in the digital asset ecosystem. Twenty One Capital’s stockpile goal depends on such initial strategic inflows.
Bitfinex Transfers 7,000 BTC to Strengthen Partnership
Bitfinex contributed 7,000 BTC to the same initiative as part of the joint effort with Tether to support Twenty One Capital. The funds are part of the pre-funding round, helping to position the firm ahead of its market debut. The contribution underlines Bitfinex’s alignment with large-scale Bitcoin treasury strategies.
The coordinated move reflects the broader collaboration among Tether, Bitfinex, and Twenty One Capital. The BTC sent by Bitfinex complements the total of 25,812.22 BTC transferred in this initiative. These actions contribute to the planned 31,500 BTC funding milestone that includes SoftBank’s future contribution.
Bitfinex, alongside Tether, aims to support a transparent Bitcoin reserve structure. All wallet addresses are being made public to establish proof-of-reserve for stakeholders. Additional information related to transactions will be disclosed by Twenty One Capital in upcoming statements.
Twenty One Capital Plans to Stockpile 420,000 BTC
Twenty One Capital will go public under the ticker “XX!” following a SPACE merger, aiming to hold 420,000 BTC. The firm’s funding strategy includes $685 million in convertible notes and PIPE financing, which was already announced last month. The 25,812 BTC from Tether and Bitfinex marks the start of the capital flow.
Jack Mallers, CEO of Twenty One Capital Fundings, confirmed the strategy at the recent Bitcoin 2025 Conference. He emphasized that the firm is focused on building one of the largest Bitcoin treasuries globally. Mallers shared the wallet holding 4,812 BTC to support transparency in reserves.
Announcing Proof of Reserves for Twenty One
As Bitcoiners, we hear a lot about how Wall Street has arrived to #Bitcoin. With Twenty One, #Bitcoin has arrived on Wall Street.
Don't trust, verify. pic.twitter.com/johay8PJFI
— Jack Mallers (@jackmallers) May 29, 2025
Future funding will include additional BTC transfers, with SoftBank’s participation expected to complete the 31,500 BTC goal. More details on upcoming contributions from Tether and Bitfinex will be revealed soon. The firm’s long-term target places it just behind MicroStrategy and Tesla in Bitcoin holdings.
