Tether and Bitfinex Move 25,000+ BTC in Stealth Play—New Whale Emerges

Crypto’s shadow giants just made their move. Tether and Bitfinex shifted over 25,000 BTC—worth billions—to an unknown entity. No press releases, no tweets—just cold, hard blockchain evidence.

Who’s the new whale? Speculation runs wild: sovereign wealth fund, institutional player, or just another billionaire dodging fiat taxes? The market’s about to find out.

Meanwhile, traditional finance brokers still can’t agree whether Bitcoin’s a ’real asset.’ Keep sleeping, guys.

• Tether and Bitfinex have transferred a total of 25,812.22 BTC worth around $2.7 billion to Twenty One Capital.
• The transfer supports Twenty One Capital’s goal of building a 420,000 BTC corporate treasury.
• Tether made two separate transactions of 14,000 BTC and 4,812.22 BTC to two different wallet addresses.

Tether and Bitfinex have jointly transferred 25,812.22 BTC, worth approximately $2.7 billion, to Twenty One Capital. This move aligns with their investment support for the newly launched Bitcoin-native firm. The large-scale Bitcoin transfer marks the beginning of Twenty One Capital’s treasury stockpile mission.

Tether Transfers 18,812 BTC in Two Transactions to Support Treasury Strategy

Tether completed two major transactions that form part of its contribution to Twenty One Capital’s treasury formation plan. The first sent 14,000 BTC, and the second sent 4,812.22 BTC to a different address. Together, these transactions show Tether’s active participation in building the firm’s corporate bitcoin reserves.

Tether Group had moved 4812.22029710 BTC to address bc1qzup4k7zn9jur7a8kz0dnaernzyf60h8ez6s9cpmp23wfw5djhvusd4p0v3 as part of the pre-funding of the initial convert/equity raise in Twenty One Capital (XXI)https://t.co/SqhVRzq3k9

The company’s pre-funding round of the upcoming equity raise is tied to that BTC transfer. Tether’s wallet transparency reflects its commitment to public accountability and funding alignment. In addition, the firm stated it will be adding more BTC in the coming weeks.

Tether continues to play a central role in Twenty One Capital’s ambition to become a leading Bitcoin-holding public entity. The firm backs the strategy, which is also helping launch a strategy modeled after Strategy’s Bitcoin treasury approach. Tether’s MOVE is part of the preparation for the firm’s SPAC merger and eventual public listing.

Bitfinex Sends 7,000 BTC to Accelerate Public Listing Objectives

Bitfinex sent 7,000 BTC to Twenty One Capital in a single transaction, complementing Tether’s prior transfers. This makes up for the pre-fundraising round as part of the company’s $685 million capital raise, which also includes PIPE financing and convertible senior secured notes.

The SPAC merger under the ticker “XX!” is Twenty One Capital‘s Quick Play to go public, and this transfer is very much on it. The BTC has reached Bitfinex’s target wallet; Bitfinex has not released any further transaction specifications. The wallet currently holds part of the planned 420,000 BTC reserve.

Bitfinex and Tether share a unified goal to back a Bitcoin-native corporate structure with long-term treasury strength. All firms see this early BTC support as essential to building trust and strategic advantage. Once the remaining transfers are completed, further disclosures will follow.

Twenty One Capital Targets Third Largest Bitcoin Treasury Position

Twenty One Capital intends to hold 420,000 BTC, making it the third largest corporate holder of Bitcoin in the world, and likened it to holding American bonds. Recently, the company announced that it will do this by raising $685 million to achieve this treasury milestone. They have fetched $385 million in convertible senior notes and $200 million from PIPE deals.

The 25,812 BTC from Tether and Bitfinex form part of the initial capital and are publicly traceable. To prove public validation, 20 One Capital released one wallet holding 4,812 BTC. In addition, the firm said it WOULD disclose more wallet addresses on future phases.

CEO Jack Mallers confirmed that this is at the Core of the company, saying it is a Bitcoin-only reserve model with transparency. He also showed up to the Bitcoin 2025 Conference to present the initiative with the firm’s treasury-based vision on repeat. SoftBank’s support also included another 5,688 BTC. Twenty One Capital (21C) is actively buying more BTC.