Tether moves $3.9B in BTC to back Twenty One Capital

Tether has moved a combined 37,229.69 Bitcoin, worth approximately $3.9 billion, to addresses linked to the new Bitcoin-native financial platform, Twenty One Capital, led by Strike CEO Jack Mallers.

Tether CEO Paolo Ardoino posted two transfers totalling 11,417 BTC ($1.2 billion) in a June 3 X post.

In one transaction, the stablecoin issuer transferred 10,500 Bitcoin (BTC) (about $1.1 billion) to an address linked to SoftBank’s investment option in Twenty One. The executive said this is part of the pre-funding of SoftBank’s investment in the…