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The Defiant 2025-04-26 22:05:10

Twenty One Capital Launches $3B Bitcoin Company With 42,000 BTC Backed by Tether, SoftBank, Cantor, Led by Jack Mallers

Twenty One Capital Launches $3B Bitcoin Company With 42,000 BTC Backed by Tether, SoftBank, Cantor, Led by Jack Mallers

Twenty One Capital, a new Bitcoin accumulation company, has launched with backing from Tether, SoftBank, and Cantor Fitzgerald. The company started with a portfolio of approximately 42,000 BTC, valued around $3 billion, and has secured $1.5 billion in funding from Tether and $900 million from SoftBank. Led by Jack Mallers of Strike, Twenty One Capital aims to compete directly with MicroStrategy by employing a strategy of issuing stock to buy Bitcoin, leveraging convertible debt and a reflexive flywheel model. The company plans to accumulate Bitcoin at scale through a global alliance and is preparing to go public via a SPAC backed by Cantor Fitzgerald. This move signals a shift in Bitcoin investment focus from grassroots to Wall Street, embracing Leveraged Bitcoin Equities (LBE) rather than spot ETFs. Analysts note that the success of this approach depends on maintaining a premium on the stock. The initiative represents a $4 billion head start over MicroStrategy's similar playbook and reflects growing institutional interest in Bitcoin acquisition vehicles. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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