On June 3rd, according to Tether CEO's disclosure, Tether and Bitfinex respectively transferred 14,000 and 7,000 Bit to the Bit investment company 21 Capital this morning.
Tether had previously transferred approximately 4,812 Bit to 21 Capital on May 10th to support its initial PIPE financing arrangement.
BlockBeats previously reported that on April 23rd, Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chairman of brokerage Cantor Fitzgerald, was collaborating with SoftBank Group, Tether, and Bitfinex trading platform to establish a Bit investment fund.
The fund, named "Cantor Equity Partners", plans to raise $3 billion in Bit through the newly established 21 Capital company. Among this, Tether intends to invest $1.5 billion, while SoftBank Group and Bitfinex will invest $900 million and $600 million respectively.
