The USDT Steabelcoin issuer, Tether bought 4812.2 bitcoins in the amount of $ 458.7 million for Twenty One Capital, awaiting a merger with the Cantor Equity Partners, the US Secondary Board and Exchange Commission (SEC) said.

According to the report, the average purchase price was $ 95 319.83 per coin. The purchase will increase the total volume of bitcoins that Twenty One Capital and Cantor Equity Partners have up to 36,312 BTC. Cantor Equity Partners now owns 31 500 BTC. The United Company is going to bargain on the Stock Exchange under Tiker XXI.

Twenty One Capital established Tether, Cantor Fitzgerald, SoftBank and Bitfinex. The company positions itself as a direct competitor of Strategy (former Microstrategy) Michael Saylor, and plans to become an “excellent instrument” for investors seeking effective access to bitcoin.

Twenty One Capital is now the third largest public holder of bitcoins, second only to Strategy and the Mara Holdings mining company with 568 840 and 48 237 bitcoins, respectively.

Earlier, the Japanese investment company Metaplanet announced the purchase of 1,241 BTC for an amount of over $ 124.6 million at an average price of $ 100,049 per coin.