Tether and Bitfinex just made it rain Bitcoin, transferring a whopping 21,000 BTC on June 2 to Twenty One Capital, wrapping up their promised contributions like pros.

Here’s the Bitcoin breakdown: Bitfinex dropped 7,000 BTC, while Tether Group moved 14,000 BTC.

On top of that, Tether prefunded the party with an extra 4,812.22 BTC for Twenty One’s convertible-equity raise. Talk about a crypto power move.

These coin transfers line up perfectly with a May 13 filing revealing Twenty One bought the Bitcoin at an average price of $95,319.83 each, serious investment vibes in this business-combo deal with Cantor Equity Partners.

Cantor’s $3 Billion Bitcoin Bonanza

Back in April, rumors flew that Cantor Fitzgerald was cooking up a $3 billion digital asset platform called Twenty One Capital, seeded with Bitcoin from its founding partners. By April 24, it was official: Twenty One Capital would be the go-to Bitcoin vehicle for capital markets, helmed by Jack Mallers, Strike’s CEO.

The funding game plan? Tether’s tossing in roughly $1.5 billion BTC, SoftBank’s adding $900 million, and Bitfinex is pitching $600 million. But wait, there’s more — Twenty One is also hunting for an extra $550 million via $350 million in convertible senior secured notes and $200 million in private equity to keep fueling Bitcoin buys. Custody and collateral? Copper and Anchorage Digital got that covered.

The June 2 Bitcoin moves bring everyone closer to closing the PIPE financing tied to the Cantor SPAC merger, which includes $385 million in convertible notes and $200 million in common equity, plus a cheeky option to snag an extra $100 million in notes within 30 days.

The goal? More Bitcoin buys and operating cash for Twenty One, which plans to roll out bitcoin-backed financing products for big institutional players.

SoftBank’s still keeping its wallet details hush-hush, and Twenty One has some regulatory hoops left to jump through before sealing the business combo deal.

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