Tether acquired $458.7 million worth of Bitcoin for Twenty One Capital, a Bitcoin investment firm set to merge with Cantor Equity Partners. The purchase added 4,812.2 Bitcoin to Twenty One's holdings, increasing their total to 36,312 BTC. The merger will allow Twenty One to trade under the ticker XXI once finalized. CEO Jack Mallers confirmed they are in the approval process for the merger but did not provide a timeline. Twenty One Capital aims to surpass MicroStrategy as a leading corporate Bitcoin holder, currently trailing behind it and another entity in Bitcoin holdings. The merger is sponsored by Cantor Fitzgerald, which raised $585 million for Bitcoin investments, and is also backed by SoftBank with an investment of $900 million. Twenty One expects to reach 42,000 Bitcoin at launch, with three major funding sources detailed in previous filings.

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