Tether Drops a Whopping 10,500 BTC Bomb on SoftBank's Bitcoin Bet!

Tether CEO Paolo Ardoino Spills the Beans on Massive Crypto Move

Holy moly, folks! Tether's big boss, Paolo Ardoino, just dropped a bombshell. They've thrown a staggering 10,500 BTC into the mix to back up SoftBank's bold plunge into the Bitcoin-centric powerhouse, Twenty One Capital. Talk about a power move!

Ardoino didn't just tweet about his lunch; he flaunted a juicy transaction block from Mempool, showing that a massive 10,500 BTC had been catapulted to a known address. And guess what? That colossal chunk of Bitcoin is currently strutting its stuff at a cool $1.1 billion, based on today's market vibes.

The man himself, Ardoino, spilled that this mega BTC move is Tether's way of giving a high-five to SoftBank's investment in Twenty One Capital, or XXI as the cool kids call it. He even laid bare the receiving address and its hefty balance as of June 3. Transparency much?

“Tether Group is moving 10,500 BTC to address bc1qpzt4m58zzqgp84ktyuj5tz8g8k8ssg2g2d5eeerwhx4gxulqq5mqjzm5gc as part of the pre-funding of SoftBank's investment in Twenty One Capital (XXI),” Ardoino declared, straight from the crypto trenches.

But wait, there's more! Not long after the SoftBank saga, Tether went and moved another 917.47 BTC to a different address, still all about that Twenty One Capital pre-funding life. Ardoino said it's all part of a slick option to convert investors into the Bitcoin behemoth.

Oh, and in case you were wondering, Bitcoin's been playing it cool, dipping just a smidge by 0.2% in the last 24 hours. It's currently chilling at $105,241, while its market cap's hanging tough at $2.09 trillion, with a tiny 0.14% dip.

Just the day before SoftBank's big splash, Tether and Bitfinex weren't just sitting on their hands. They teamed up and threw 25,812 BTC at Twenty One Capital, which is roughly $2.7 billion worth of the good stuff, all sent to a fresh address linked to the Bitcoin beast.

Twenty One Capital isn't just any old firm. It's a Bitcoin Treasury monster being birthed by none other than Cantor Fitzgerald's Chairman, Brandon Lutnick. It's also got iFinex and Tether as proud parents, and it'll be steered by Strike's CEO, Jack Mallers. Watch out, world!

And get this, Twenty One Capital's not playing small. They're planning to launch with over 42,000 BTC in their Bitcoin Treasury. They're set to hit the Nasdaq stage through a SPAC merger with Cantor Equity Partners, and they'll be rocking the ticker XXI. Lights, camera, action!