Stablecoin Issuer Tether transferred 10,500 bitcoins from a hot wallet Bitfinex on new Bitcoin-address. The company’s CEO Paolo Ardoino shared a screenshot of the transaction block from the mempool in his latest post on social media.
At the time, Ardoino explained that the transaction was part of SoftBank’s pre-financing of its investment in Twenty One Capital (XXI), a company focused on Bitcoin.
According to Tether, over the past 48 hours, 14,000 BTC, 4,812 BTC, and 7,000 BTC have been sent to new wallets, all linked to the same project, Twenty One Capital. SoftBank also moved another 917,47 BTC to another address linked to Twenty One Capital’s pre-funding. So far, a total of 37,229 BTC has been transferred, which is just under $4 billion.
Twenty One Capital is a platform that launched in April 2025. Cantor Fitzgerald Chairman Brandon Lutnick is the “brains behind the project,” while iFinex and Tether — are equal co-owners of Twenty One Capital, whose head is Strike CEO Jack Mallers.
Twenty One Capital’s goal is to buy more than 42,000 bitcoins for its reserves. The company currently holds 36,312 BTC.
