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Tether Goes Full Bull—Dumps 4,812 BTC into Twenty One Capital’s Treasury Pre-IPO
Tether Goes Full Bull—Dumps 4,812 BTC into Twenty One Capital’s Treasury Pre-IPO
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Tether just made a power move—shoveling 4,812 Bitcoin (worth roughly $300 million at today’s prices) into Twenty One Capital’s coffers. The timing? Suspiciously convenient, just as the firm preps for its public debut.
Why this matters: When the world’s most controversial stablecoin operator starts playing investment banker, eyebrows (and maybe a few red flags) should go up. This isn’t just a treasury diversification—it’s a strategic bet on Bitcoin’s liquidity appeal during IPO mania.
Cynical take: Nothing boosts investor confidence like a pre-listing crypto sugar rush. Wall Street’s old guard must be thrilled to see the ‘digital gold’ playbook getting a stablecoin twist.
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