⏳ Three hours have passed since the transfer, and I have already come across several theories claiming that Tether will now manipulate the price of BTC, and that essentially Tether is only artificially maintaining the price.

🤝 The truth, however, is that Twenty One Capital, in an agreement with SoftBank, Tether, and Bitfinex, planned on the following scale:

➡️ Tether – about 23,950 BTC

➡️ SoftBank – 10,500 BTC

➡️ Bitfinex – 7,000 BTC

They were to create a fund operating similarly to MicroStrategy (which involves liquidating shares, etc., so no need to explain MicroStrategy’s mechanism again). The total basis would be around 42,000 BTC, and this information dates back to May 24 or 26, so it is not new.

This fund’s purpose is to support BTC in a structured way, rather than Tether simply manipulating the market by itself.