Tether has purchased approximately $459 million worth of Bitcoin to support the launch of a new Bitcoin treasury company, called Twenty One. This company plans to merge with Cantor Equity Partners and trade on the Nasdaq. Tether's investment involves buying 4,812.22 BTC at an average price of $95,319.83 per coin, which will subsequently be sold to Twenty One once the merger is finalized. This strategic move is set to provide Twenty One with a treasury exceeding 42,000 BTC, valued at nearly $4.4 billion at current market prices. The collaboration also includes partnerships with Bitfinex, Cantor Fitzgerald, and SoftBank Group. This announcement highlights Tether's commitment to expanding its involvement in the cryptocurrency market, leveraging its position as a major player in the stablecoin arena.

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