Cantor, Tether-Backed Twenty One Increases Bitcoin Holdings

Twenty One Capital Inc., the Bitcoin treasury company launched by an affiliate of Cantor Fitzgerald LP, stablecoin issuer Tether Holdings SA and SoftBank Group, is increasing its holdings of the cryptocurrency beyond the initial amount announced when it debuted with much fanfare earlier this year.

The firm said Tuesday it expects to hold at least 43,500 Bitcoin - valued at around $5.15 billion - after adding about 5,800 tokens from Tether. That’s about 1,500 Bitcoin more than it projected owning when the company launched in April.