And maybe their purchase made create good movements and contribute on the situation that's why we see Bitcoin cross at $100k again. There's lots of things we can learn for reading that article about the actions done by 21 capital.
This is interesting: I would have assumed that Tether would have used some of the bitcoins already in their reserve to finance 21 Capital.
Of course, the open market buy helps a positive price development!
Yes they and here are the figures contributed by Tether and other companies.
Quote
$1.5 billion from stablecoin issuer Tether
$900 million from tech investment giant SoftBank
$600 million from the Bitfinex exchange
$900 million from tech investment giant SoftBank
$600 million from the Bitfinex exchange
Here you can read it here another interesting details about it https://bitcoinnews.com/markets/cantor-fitzgerald-bitcoin-21-capital/
We could really see that they are well prepared and funded that's why 21 capital is really another big institution next to MicroStrategy which is worth to follow. Also for sure their presence would provably bring good help for Bitcoin to gather more exposure also future demands.
Unlike MicroStrategy which accumulates bitcoin as a reserve asset, 21 Capital's goal is to bridge traditional finance (TradFi) with decentralized finance (DeFi).
Brandon Lutnick who is leading 21 Capital recently gave speech in Consensus 2025. He emphasized how to integrate blockchain technology into mainstream financial systems. Him together with his company Cantor Fitzgerald has already been advocate for bitcoin awareness and adoption for some years now.
Source