More than $3.9 billion worth of Bitcoin has been quietly shifted in recent hours, with blockchain watchers linking the movements to a significant institutional push behind a new crypto investment fund. The transactions, which include several large batches of BTC totaling 37,229 coins, have now been tied to the early funding of Twenty-One Capital.
According to Tether CEO Paolo Ardoino, 10,500 BTC transfer from Bitfinex’s hot wallet was the first step in pre-funding the initiative. The transaction alone brought in more than $1.1 billion, which made people in the crypto community notice. Further big transfers took place, notably 14,000 BTC, 7,000 BTC, 4,812 BTC, and 917 BTC, all part of the same cluster.
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In April, OnlyXXI, known as Twenty-One Capital, started operating as a Bitcoin-focused platform with an untraditional approach. As an alternative to speculation, the fund intends to hold on to Bitcoin and rely on it as cash to start investing in equity and debt markets. XXI is following the same strategies as listed companies, yet it has not yet had an IPO.
The project involves support from principal figures in the digital asset and finance area. Tether is putting $1.5 billion of BTC into the fund. SoftBank, which invests heavily in tech around the world, is joining by purchasing a $900 million stake. Both Bitfinex and Raoul Pal are committing $600 million to the venture in Bitcoin (BTC).
Institutions Quietly Fuel a New Bitcoin-Centric Financial Model
Financial firm Cantor Fitzgerald is supporting the fund’s capital formation. Their involvement signals broader institutional trust in the project’s long-term vision. Brandon Lutnick, reportedly the son of the U.S. Secretary of Commerce, is leading the effort.
Along with the $3 billion already being given, the fund is trying to raise another $550 million. According to these sources, the company plans to get the Capital from a blend of convertible debt and private placements.
Initially, the size and speed of the BTC transfers raised questions, but Ardoino’s confirmation of their link to XXI clarified the motive behind the movements. The fund’s foundation is being laid with large amounts of Bitcoin at its core.
The quiet deposit of BTC into Twenty-One Capital wallets underlines that institutions are getting involved in Bitcoin-based financial offerings. With the support of Tether, SoftBank, and Bitfinex, XXI could soon be a leading contender in crypto-financed investment.
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