Tether（USDT）购买了另外4812 BTC（比特币）投资4.587亿美元

Cantor Equity Partners已正式向SEC宣布Tether通过投资4.587亿美元购买了另外4812 BTC（比特币）。

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.

与SEC的一份新文件显示，Cantor Equity Partners已宣布与二十一首资本，二十一合并，二十一资产，束缚投资，Ifinex和Stellar Beacon宣布合并协议。

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

该协议规定建立一家名为21 Capital的新公司，该公司旨在专门购买比特币。

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是一家在纳斯达克股票交易所上市的公司，因此法律上要求向负责监督金融市场的美国机构披露此类信息。

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计划以30亿美元的价格筹集资金，其中一半是从Tether中筹集的，除了来自Crypto Exchange Bitfinex的6亿美元，由Ifinex像Tether这样的Ifinex拥有，Softbank拥有9亿美元。

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.

专门从事金融市场分析的投资公司宣布，发行领先的Stablecoin Tether的公司通过投资4.587亿美元购买了另外4,812 BTC（比特币）。

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

购买的平均价格为每BTC $ 95,319，低于目前的价格。

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

在X上发布消息后，BTC的价格上涨了约0.3％，达到了96,200美元的门槛。

Tether: the love story with Bitcoin (BTC)

系绳：与比特币（BTC）的爱情故事

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

特瑟（Terther）是发行世界上领先的稳定币的公司。

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.

鉴于公司的大部分抵押品是由该公司以美国政府债券（所谓的财政部）以及现金持有的，并且考虑到现在已经有好几个月的利率很高，因此该公司在其财政部的积极利息中赚取了数十亿美元。

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

泰瑟（Tather）在包括比特币在内的各种活动中都将这些收入重新投资。

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.

根据BDO起草的最新官方季度报告，截至2025年3月31日，该公司已经拥有超过76亿美元的BTC，主要是在过去的两三年中购买。

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宣布的购买既不是新颖的，也不是特别重要，因为它的数量明显低于现金中的比特币储备。

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不仅试图通过近年来获得的可观利润来建立比特币的宝藏，而且还试图帮助开发人员社区。

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.

实际上，几天前，它已向BTCPAY服务器基金会（BTCPay Server Foundation）拨款100,000美元，以开发免费和开源软件。

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服务器是一个加密货币，开源和自我托管的付款处理器，它允许全球成千上万的企业，项目和社区接受比特币和USDT的付款。

The reserves of USDT

USDT的储备

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.

根据最新的官方季度报告，Tether的储备金超过了市场上发行的所有USDT代币的价值。

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，它们并非全部现金，也是因为与流通相比，赎回的USDT的数量平均非常低。

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.

实际上，仅在2025年，USDT的市值从137亿美元上升到1.5亿美元，仅在2024年12月20日至31日之间暂时下降。

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.

其历史上最大的下降发生在2022年，在Terra/Luna上的算法Stablecoin UST中爆发后，即使那时，该公司有足够的时间在一个半月内返回180亿美元。

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.

这使Tether可以持有在美国国库账单上投资的近1000亿美元，如有必要，可以相对较快地清算现金。

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.

它拥有不到1亿美元的银行帐户现金，而隔夜反向回购协议的150亿美元也可以在必要时很快清算。

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，总共拥有1,210亿美元的现金，债券和类似资产，而市值约为1440亿美元。其余的储量包括有抵押贷款（88亿美元），贵金属（66亿），比特币（76亿）和其他投资（44亿）。

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声明的原因是后者在提交给负责金融市场的美国机构的同一文件中强调了。

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与二十一首资本，二十一合并，二十一资产，束缚投资，Ifinex和Stellar Beacon签订了合并协议。