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Tether and CEX have transferred 21,000 Bitcoins to 21 Capital.
On June 3, according to the CEO of Tether, Tether and CEX have transferred 14,000 and 7,000 bitcoins to Bitcoin investment company 21 Capital this morning, respectively. Tether had previously transferred approximately 4,812 BTC to 21 Capital on May 10 to support its initial PIPE funding arrangement. BlockBeats previously reported that on April 23, Brandon Lutnick, son of U.S. Secretary of Commerce Howard Lutnick and chairman of brokerage firm Cantor Fitzgerald, was working with SoftBank Group, Tether and CEX trading platforms to build a bitcoin investment fund. The fund, called Cantor Equity Partners, plans to raise $3 billion worth of Bitcoin through the newly formed 21 Capital. Among them, Tether plans to invest $1.5 billion, and SoftBank Group and CEX will inject $900 million and $600 million, respectively.