Crypto Giants Shove 25,812 BTC Into New Venture — What’s the Deal? 🚀

by

Crypto Giants Shove 25,812 BTC Into New Venture — What’s the Deal? 🚀

Oh, just another day in crypto paradise. Tether Group and Bitfinex, those lovely pillars of the digital chaos, have decided it’s time to send a cool $2.7 billion worth of Bitcoin — 25,812.22 BTC, to be exact — straight into the arms of Twenty One Capital. Because why not? 🙄

Apparently, these two are the big fans supporting their shiny new Bitcoin-native baby. It’s all part of some fancy “collaboration,” or as I like to call it, “let’s dump all our Bitcoin into some mysterious, soon-to-be-public company and hope for the best.” 🥸

Bitcoin being transferred with a lot of zeros

Twenty One Capital, the newest kid on the blockchain, is — wait for it — going public via a SPACE merger. They’re aiming to be the third biggest corporate Bitcoin hoarder, with a monstrous 420,000 BTC tucked away somewhere to impress the crypto gods. Talk about ambitious! 🚀

The move yesterday? Exactly 25,814 BTC, split between a couple of transactions: one with 14,000 BTC, another with 4,812.22 BTC, plus Bitfinex dropping 7,000 BTC into the mix. Nice little Bitcoin gift basket. 🎁

This isn’t just a bank transfer; it’s basically a pre-funding dance for some major equity plans. Because nothing says “solid investment” like shoving piles of Bitcoin around and hoping it turns into a mountain of profit. 😂

Bitcoin transaction in progress

Stay tuned for more crypto soap operas, folks. Who knows what wild moves these big fish will make next? 🤷‍♂️

Read More

2025-06-03 11:38