Bitcoin Moves! Tether Shifts 10,500 BTC in a Mysterious Money Mischief! 🚀

by

Oh, blimey! The hefty stablecoin folks at Tether have decided to play a cheeky game of Bitcoin musical chairs. They’ve shuffled a whopping 10,500 BTC — that’s around $106,142,000,000 (yes, billion with a B!) — from their hot wallet at Bitfinex to some shiny new Bitcoin address. Imagine that! 📦💸

And guess what? Paolo Ardoino, the big boss with a beard (or maybe just a shiny forehead), shared a screenshot of the transaction on his X (formerly Twitter) with all the excitement you’d expect from a kid in a candy store. 🎮

Multiple Bitcoin Bargains Linked to the Same Sneaky Capital

But hold your horses! Before you start panicking about mysterious money thefts, Ardoino shouted from his digital rooftops that all this fuss is just part of the pre-funding for SoftBank’s snazzy new venture in Twenty One Capital (XXI). Phew! It’s like a big financial game of hide and seek, only with more zeros. 🎲💰

Bitcoin is now at about $105,331.39—up a tiny 0.87% in 24 hours, which is about as exciting as watching paint dry but with more numbers! The fancy transfer from Tether clocks in at one billion, one hundred million dollars — enough to buy a small country or at least a very fancy yacht. 🚤

The fancy receiving address is “bc1qpz…zm5gc” (try saying that five times fast!), and as of June 3, it held 10,500 BTC. Since then, more transfers have casually bubbled up like a pot of crypto porridge. 🥣

Tether Group is moving 10500 BTC to address bc1qpzt4m58zzqgp84ktyuj5tz8g8k8ssg2g2d5eeerwhx4gxulqq5mqjzm5gc as part of the pre-funding of SoftBank’s investment in Twenty One Capital (XXI)

— Paolo Ardoino 🤖 (@paoloardoino) June 3, 2025

In the past two days alone, they’ve flung around 14,000 BTC, 4,812 BTC, and 7,000 BTC to different wallets — all tied to the same big-shot project, Twenty One Capital. SoftBank even found some spare change (917.47 BTC) and moved that too! It’s like a giant crypto game of “keep the coins moving.” 🕹️

Altogether, a staggering 37,229 BTC—nearly four billion dollars—has been shunted around like a giant, shiny, digital game of Monopoly. 🎲💰

Ardoino insists this Bitcoin shuffle is all for boosting Twenty One Capital’s operations, as if it’s just a friendly game of bankrolling and not a secret treasure hunt. Both Tether and Bitfinex have already chipped in significantly, with their combined stash reaching 25,812 BTC — enough to make any banker choke on his coffee! ☕️

The Twisted Tale of Twenty One Capital

This company, spun up in April, is basically a treasure chest of Bitcoin, run by the clever Brandon Lutnick of Cantor Fitzgerald. The idea? Hold onto Bitcoin and do fancy financial tricks instead of silly gambling. iFinex and Tether are equals, and Strike’s Jack Mallers is the boss in charge. Imagine that! 🎩✨

They hope to hoard more than 42,000 BTC—a veritable mountain of digital gold. Just this May, they scooped up an additional 4,812 BTC for millions, dreaming of a big IPO on Nasdaq under the enigmatic ticker “XXI.” 📈🤫

As of mid-May, they’re sitting comfy with 36,312 BTC, half of which are under the watchful eye of Cantor Fitzgerald like a proud parent. They’re planning to grow big, following the footsteps of the biggest Bitcoin buffs who hold hundreds of thousands of BTC. It’s as if everyone wants to join the Bitcoin party but with more calculators and fewer dance moves. 🕺💻

Read More

2025-06-03 20:51