🚨 Tether and Bitfinex have just transferred 25,812 BTC (~$2.7 billion) to fund Jack Mallers’ Bitcoin-native firm Twenty One Capital.

Backed by SoftBank, Twenty One Capital plans to go public via SPAC, raise more capital through convertible notes, and hold up to 42,000 BTC. https://t.co/N7nPpVQcka