# Tether-Backed Twenty One Capital Raises More Cash for BTC Treasury

*Author: Bankless*
*Published: May 29, 2025*
*Source: https://www.bankless.com/read/tether-backed-twenty-one-capital-raises-more-cash-for-btc-treasury*

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Tether-backed Twenty One Capital raises $100M in new funding, boosting its Bitcoin treasury efforts with $3.6 billion in assets.

## **What’s the Scoop?**
- **Additional Funding**: Twenty One Capital raised $100 million through a second convertible note sale, bringing its total funding to $685 million.
- **Backed by Big Names**: Major players Tether, SoftBank, and Cantor Fitzgerald are backing the Bitcoin treasury firm.
- **Significant Holdings**: The firm's Bitcoin holdings include $3.6 billion worth of contributions from its backers.
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