Bitcoin Surge Tether Backs $100M Investment

Twenty One Capital Raises $100M to Boost Bitcoin Holdings

• Tether-backed Twenty One Capital has raised $100 million through the sale of convertible notes.
• The company aims to increase its Bitcoin holdings, currently at 31,500 BTC.
• Twenty One Capital ranks as the third-largest public holder of Bitcoin, behind Strategy and MARA Holdings.
• The firm has previously raised $3.6 billion from Tether, SoftBank, and Bitfinex.
• Convertible notes will pay a 1% annual interest until their due date in 2030.

Twenty One Capital’s recent $100 million capital raise is part of its strategy to expand its Bitcoin holdings and potentially surpass MARA Holdings as a leading public Bitcoin holder. The firm leverages various financing mechanisms to enhance its cryptocurrency portfolio.