Tether Drops 10,500 BTC Bomb to Fuel SoftBank’s Twenty One Capital Play

Stablecoin giant Tether just made a power move—deploying a staggering 10,500 BTC (worth roughly $700M at current prices) to back SoftBank’s latest venture into crypto-focused investment firm Twenty One Capital. Because nothing says ’stable’ like dumping nine figures of volatile assets into a VC deal.

The play signals Tether’s aggressive pivot beyond dollar-pegged tokens—and SoftBank’s unshakable faith in throwing money at blockchain projects, regardless of market cycles. Remember Vision Fund? Exactly.

While the crypto crowd cheers the bullish injection, skeptics whisper: ’Ah, the classic ’use Bitcoin as a war chest’ strategy—what could go wrong?’

Not long after the SoftBank allocation, the company then moved another 917.47 BTC to a different address that is linked to pre-funding for Twenty One Capital. Ardoino said the allocation is part of the option for convert investors into Twenty One Capital.

According to current market prices, Bitcoin has dipped slightly by 0.2% in the past 24 hours. The largest cryptocurrency by market cap is currently trading hands $105,241. Bitcoin’s market cap stands at $2.09 trillion, declining by 0.14%.

A day prior to the SoftBank investment, Tether (USDT) Group alongside Bitifinex also invested into Twenty One Capital. The joint investment amounted to 25,812 BTC or equal to approximately $2.7 billion, which was sent to a new address that was linked to Twenty One Capital.

Twenty One Capital is a Bitcoin Treasury firm that is being launched by Cantor Fitzgerald’s Chairman Brandon Lutnick. It is also owned by iFinex and Tether, and will be led by Strike CEO Jack Mallers.

As previously reported crypto.news, Twenty One Capital intends to launch with more than than 42,000 BTC in its Bitcoin Treasury. Twenty One Capitol will be listed on Nasdaq through a SPAC merger with Cantor Equity Partners under ticker XXI.