Tether, Cantor, and SoftBank Bet Big on Bitcoin With $3.6B Venture

April 23, 2025

Court: D. New Jersey

Case: 2:22-cv-04915

Tether, Cantor Fitzgerald, and SoftBank launched Twenty One Capital, a new Nasdaq-bound venture holding over 42,000 BTC—making it the third-largest corporate bitcoin treasury globally. The move comes as crypto optimism grows under Trump’s presidency and bitcoin trades near $85K.

At the same time, COIN investors have filed a class action against Coinbase, alleging it failed to disclose that custodial crypto assets could be lost in a bankruptcy, a risk only admitted after the stock dropped 26.4%. You can find more details here and stay updated on future changes.

 

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