Tether（USDT）購買了另外4812 BTC（比特幣）投資4.587億美元

Cantor Equity Partners已正式向SEC宣布Tether通過投資4.587億美元購買了另外4812 BTC（比特幣）。

A new filing with the SEC reveals that Cantor Equity Partners has announced Combination Agreement with Twenty One Capital, Twenty One Merger, Twenty One Assets, Tether Investments, iFinex, and Stellar Beacon.

與SEC的一份新文件顯示，Cantor Equity Partners已宣布與二十一首資本，二十一合併，二十一資產，束縛投資，Ifinex和Stellar Beacon宣布合併協議。

The agreement provides for the establishment of a new company, called 21 Capital, which aims specifically to purchase Bitcoin.

該協議規定建立一家名為21 Capital的新公司，該公司旨在專門購買比特幣。

Cantor Equity Partners is a company listed on the stock exchange, on Nasdaq, therefore it is legally required to disclose such information to the U.S. agency that oversees the financial markets.

Cantor Equity Partners是一家在納斯達克股票交易所上市的公司，因此法律上要求向負責監督金融市場的美國機構披露此類信息。

The Spac plans to raise funds for 3 billion dollars, half of which from Tether, in addition to 600 million from the crypto exchange Bitfinex, owned by iFinex like Tether, and 900 million from SoftBank.

SPAC計劃以30億美元的價格籌集資金，其中一半是從Tether中籌集的，除了來自Crypto Exchange Bitfinex的6億美元，由Ifinex像Tether這樣的Ifinex擁有，Softbank擁有9億美元。

The investment firm specialized in the analysis of the financial markets has announced that the company issuing the leading stablecoin, Tether, has purchased another 4,812 BTC (Bitcoin) by investing 458.7 million dollars.

專門從事金融市場分析的投資公司宣布，發行領先的Stablecoin Tether的公司通過投資4.587億美元購買了另外4,812 BTC（比特幣）。

The purchase was made at an average price of $95,319 per BTC, which is lower than the current price.

購買的平均價格為每BTC $ 95,319，低於目前的價格。

After the news broke on X (formerly Twitter), the price of BTC rose by about 0.3%, reaching the $96,200 threshold.

在X上發布消息後，BTC的價格上漲了約0.3％，達到了96,200美元的門檻。

Tether: the love story with Bitcoin (BTC)

繫繩：與比特幣（BTC）的愛情故事

Terther is the company that issues the leading stablecoin in the world, USDT.

特瑟（Terther）是發行世界上領先的穩定幣的公司。

Given that the bulk of USDT collateral is held by the company in U.S. government bonds (the so-called Treasury), as well as in cash, and considering that interest rates have been high for many months now, the company is earning billions of dollars from the United States in active interest on its Treasury.

鑑於公司的大部分抵押品是由該公司以美國政府債券（所謂的財政部）以及現金持有的，並且考慮到現在已經有好幾個月的利率很高，因此該公司在其財政部的積極利息中賺取了數十億美元。

Tather has been reinvesting these earnings in various activities for some time, including in Bitcoin.

泰瑟（Tather）在包括比特幣在內的各種活動中都將這些收入重新投資。

According to the latest official quarterly report, drafted by BDO, as of March 31, 2025, the company already owned more than 7.6 billion dollars in BTC, purchased mainly over the last two or three years.

根據BDO起草的最新官方季度報告，截至2025年3月31日，該公司已經擁有超過76億美元的BTC，主要是在過去的兩三年中購買。

Therefore, the purchase announced by Cantor Equity Partners is neither a novelty nor particularly important, as it involves an amount significantly lower than the Bitcoin reserves already in cash.

因此，Cantor Equity Partners宣布的購買既不是新穎的，也不是特別重要，因為它的數量明顯低於現金中的比特幣儲備。

Tether is not only trying to build a treasure in Bitcoin with the substantial profits earned in recent years, but it is also trying to help the developer community.

Tether不僅試圖通過近年來獲得的可觀利潤來建立比特幣的寶藏，而且還試圖幫助開發人員社區。

In fact, a few days ago, announced that it has allocated another grant of $100,000 to the BTCPay Server Foundation, for the development of free and open-source software.

實際上，幾天前，它已向BTCPAY服務器基金會（BTCPay Server Foundation）撥款100,000美元，以開發免費和開源軟件。

BTCPay Server is a payment processor for cryptocurrencies, open source and self-hosted, which allows thousands of businesses, projects, and communities around the world to accept payments in Bitcoin and USDT.

BTCPAY服務器是一個加密貨幣，開源和自我託管的付款處理器，它允許全球成千上萬的企業，項目和社區接受比特幣和USDT的付款。

The reserves of USDT

USDT的儲備

According to the latest official quarterly report, Tether has reserves in dollars or similar that exceed the value of all USDT tokens issued on the market.

根據最新的官方季度報告，Tether的儲備金超過了市場上發行的所有USDT代幣的價值。

However, they are not all in cash, also because the amount of USDT that are redeemed is on average very low, compared to those in circulation.

但是，它們並非全部現金，也是因為與流通相比，贖回的USDT的數量平均非常低。

In fact, in 2025 alone, the market capitalization of USDT rose from 137 to 150 billion dollars, with a slight and temporary decline only between December 20 and 31, 2024.

實際上，僅在2025年，USDT的市值從137億美元上升到1.5億美元，僅在2024年12月20日至31日之間暫時下降。

The largest decline in its history occurred in 2022, after the implosion of the algorithmic stablecoin UST on Terra/Luna, and even then the company had plenty of time to return 18 billion dollars in about a month and a half.

其歷史上最大的下降發生在2022年，在Terra/Luna上的算法Stablecoin UST中爆發後，即使那時，該公司有足夠的時間在一個半月內返回180億美元。

This allows Tether to hold nearly 100 billion dollars invested in U.S. Treasury Bills, which can be liquidated relatively quickly, if necessary, to cash in cash.

這使Tether可以持有在美國國庫賬單上投資的近1000億美元，如有必要，可以相對較快地清算現金。

It has less than 100 million dollars in cash in bank accounts, while it has 15 billion dollars in Overnight Reverse Repurchase Agreements, which can also be liquidated very quickly, if necessary.

它擁有不到1億美元的銀行帳戶現金，而隔夜反向回購協議的150億美元也可以在必要時很快清算。

In total, as of March 31, it had 121 billion dollars in cash, bonds, and similar assets, against a market capitalization of USDT of about 144 billion dollars. The rest of the reserves consisted of Secured Loans (8.8 billion dollars), precious metals (6.6 billion), Bitcoin (7.6 billion), and other investments (4.4 billion).

截至3月31日，總共擁有1,210億美元的現金，債券和類似資產，而市值約為1440億美元。其餘的儲量包括有抵押貸款（88億美元），貴金屬（66億），比特幣（76億）和其他投資（44億）。

Cantor Equity Partners

The reason why the declaration to the SEC was submitted by Cantor Equity Partners is highlighted by the latter in the same document submitted to the U.S. agency that oversees the financial markets.

Cantor Equity Partners提交了SEC聲明的原因是後者在同一文件中提交給負責金融市場的同一文件中。

On April 22, Cantor Equity Partners entered into a Combination Agreement with Twenty One Capital, Twenty One Merger, Twenty One Assets, Tether Investments, iFinex, and Stellar Beacon.

4月22日，Cantor Equity Partners與二十一首資本，二十一合併，二十一資產，束縛投資，Ifinex和Stellar Beacon簽訂了合併協議。