New Company Backed by Tether and Cantor Fitzgerald Buys $458M Worth of Bitcoin βͺοΈInvestment firm Twenty One Capital, launched in late April with backing from Tether, Bitfinex, SoftBank, and Cantor Fitzgerald, has purchased 4,812 BTC for $458.7 million at an average price of $95.3K per coin. The acquisition was part of a SPAC deal to take the company public. βͺοΈAccording to filings with the SEC, the bitcoins were initially bought by Tether, transferred to a controlled wallet, and then sold to the company. βͺοΈJack Mallers, founder of payment platform Strike, leads Twenty One Capital. The firm now holds $3.6 billion worth of bitcoin, making it the third-largest public holder of crypto reserves. The company was formed through a SPAC merger with Cantor Equity Partners (ticker: CEP), led by Brandon Latnik, son of the current U.S. Secretary of Commerce.