Tether and Bitfinex Fuel Bitcoin Giant’s Ambition with $2.7 Billion BTC Transfer

In a groundbreaking move, Tether and Bitfinex have strategically transferred 25,812.22 BTC, worth approximately $2.7 billion, to Twenty One Capital, a rising Bitcoin-native firm. This transaction, executed in two phases, highlights Tether’s pivotal role in shaping the future of Bitcoin. The first phase saw 14,000 BTC moved, followed by an additional 4,812.22 BTC to separate wallet addresses. This transfer aligns with Twenty One Capital’s ambitious goal to build a corporate treasury of 420,000 BTC, signaling strong confidence in Bitcoin’s long-term value. As of June 4, 2025, BTC is trading at 105,519.99 USDT, reflecting the ongoing bullish sentiment in the cryptocurrency market. This development underscores the growing institutional interest in Bitcoin and its potential to redefine global finance.

Tether and Bitfinex Secretly Transfer 25K+ BTC to New Bitcoin Giant

Tether and Bitfinex have moved 25,812.22 BTC, valued at approximately $2.7 billion, to Twenty One Capital. This strategic transfer supports the nascent Bitcoin-native firm’s ambition to amass a 420,000 BTC corporate treasury.

The transaction unfolded in two phases: an initial 14,000 BTC transfer followed by a second shipment of 4,812.22 BTC to distinct wallet addresses. These moves underscore Tether’s active role in shaping institutional Bitcoin adoption through treasury stockpiling initiatives.

Paolo Ardoino, Tether’s CTO, confirmed the 4,812 BTC transfer via Twitter, linking it to pre-funding for Twenty One Capital’s upcoming equity raise. The scale of this movement signals growing institutional confidence in Bitcoin’s long-term value proposition.

Bitcoin ATH Incoming? Whale Accumulation Hints at Potential Bullish Breakout

Bitcoin’s bullish momentum intensifies as it rebounds from key resistance levels, with whales accumulating aggressively. The cryptocurrency closed May at a record monthly high, signaling potential for a parabolic rally. Leveraged market cooling and rising futures open interest—now at $71 billion—add fuel to the upward trajectory.

On-chain data reveals 151,820 wallets holding 10-10k BTC added 79,244 coins last week, bringing their collective stash to 13.57 million BTC. Corporate adoption accelerates, exemplified by Reitar Logtech’s $1.5 billion treasury acquisition plan. Market structure appears primed for continuation as institutional and whale demand converges.

Bitcoin Hunts Liquidity at $106K as Traders Sniff Out Bullish Reversal

Bitcoin reclaimed the $106,000 level after a brief dip, as U.S. market reopenings on June 3 fueled a rebound. The cryptocurrency now sits at a critical technical and psychological battleground, with liquidity clusters nearby suggesting potential for sharp price movements in either direction.

CoinGlass data reveals dense liquidation zones around current prices, creating ideal conditions for volatility. While bulls defend key support levels, the absence of a major catalyst makes immediate all-time highs unlikely. Profit-taking has emerged but remains measured, with Glassnode reporting average realized gains of 16%—historically modest compared to previous cycles.

Strategy Plans $250 Million Preferred Stock Sale to Fuel Bitcoin Acquisitions

Bitcoin behemoth Strategy is seeking to raise $250 million through the sale of preferred stock, with proceeds directed toward expanding its already massive BTC holdings. The firm filed plans with the SEC to offer 2.5 million shares of its 10% Series A Stride Preferred Stock (STRD) on Nasdaq at $100 per share, promising institutional investors a 10% annual dividend yield.

This marks Strategy’s third preferred stock offering in 2023, following its STRK and STRF issuances that carried yields of 13% and 10% respectively. The corporate bitcoin leader, which currently holds 580,955 BTC worth over $61 billion, stated proceeds will be used for general corporate purposes including additional Bitcoin purchases and working capital.

The MOVE comes alongside Strategy’s broader capital-raising efforts totaling $84 billion through equity and debt instruments. Monday’s filing also outlined redemption terms for the STRD shares, though specific conditions weren’t fully disclosed in the initial announcement.

Trump Media & Technology Group Advances Plans for Bitcoin ETF Through NYSE Arca Filing

Trump Media & Technology Group, in partnership with Yorkville America Digital and Crypto.com, is pushing forward with its cryptocurrency ambitions by seeking SEC approval for a spot Bitcoin ETF. The proposed "Truth Social Bitcoin ETF" WOULD provide investors with exposure to Bitcoin through shares listed on NYSE Arca, marking a significant step in bridging traditional finance with digital assets.

The filing underscores growing institutional interest in cryptocurrency-based financial products, particularly as Bitcoin continues to gain mainstream acceptance. This move aligns with broader market trends where traditional exchanges increasingly accommodate digital asset innovations.