Tether Boosts Twenty One Capital’s Bitcoin Holdings to 36,312 BTC Ahead of Public Listing

Tether Bolsters Twenty One Capital’s Bitcoin Treasury in Preparation for Public Listing

Tether has taken a bold step by purchasing an additional 4,812 Bitcoin at an average price of $95,319 each, transferring these assets to an escrow wallet in anticipation of Twenty One Capital’s upcoming public listing through a SPAC merger. This strategic acquisition not only enhances Twenty One Capital’s Bitcoin reserves to 36,312 BTC but also positions the firm as a formidable contender in the realm of corporate Bitcoin ownership.

• Tether adds 4,812 BTC to Twenty One Capital’s holdings.
• Total Bitcoin holdings now at 36,312 BTC.
• Public listing planned via SPAC merger with ticker “XXI.”

Established in April 2025 by Tether, Bitfinex, and SoftBank, Twenty One Capital is set to become a Bitcoin-native public company. The firm’s strategy is laser-focused on accumulating Bitcoin over the long term and providing institutional access to this pioneering digital asset. The merger, facilitated by Cantor Equity Partners, will catapult Twenty One Capital into the public domain under the ticker “XXI.” With significant contributions from Tether (23,950 BTC), SoftBank (10,500 BTC), and Bitfinex (around 7,000 BTC), the company is gearing up for a robust market debut.

Guiding Twenty One Capital is Jack Mallers, the visionary behind Strike, a platform that champions Bitcoin accessibility. Mallers envisions the company as a beacon for Bitcoin enthusiasts, aiming to introduce innovative Bitcoin-native financial products that rival those offered by Strategy (formerly MicroStrategy). These products could range from lending tools to capital market offerings, all grounded in Bitcoin’s foundational principles.

Opting for a SPAC merger to go public, Twenty One Capital is tapping into a trend within the cryptocurrency industry to expedite listings with less regulatory oversight. This approach, while efficient, carries its own set of risks, including potential market volatility and regulatory challenges. Yet, it’s a strategic move that Twenty One Capital believes will pay dividends, allowing them to quickly establish a presence in the public market.

The decision to place their Bitcoin in a publicly viewable digital wallet is a testament to their commitment to transparency, echoing the practices of some spot Bitcoin ETF issuers. This move not only enhances the firm’s credibility but also aligns with the ethos of decentralization and openness that Bitcoin embodies.

However, the road ahead for Twenty One Capital isn’t just paved with roses. The inherent volatility of Bitcoin and the broader crypto market means that even with a substantial Bitcoin reserve, the journey will be turbulent. The firm must navigate these choppy waters, alongside regulatory challenges and security risks. Yet, with a clear mission and the backing of industry titans like Tether, Bitfinex, and SoftBank, Twenty One Capital is poised to face these challenges with a steadfast Bitcoin-first approach.

As Bitcoin maximalists, we can’t help but applaud the ambition of Twenty One Capital to become the “most successful company in Bitcoin.” However, let’s not forget the broader ecosystem where altcoins and other blockchains also play crucial roles. While Bitcoin remains the king, the diversity of cryptocurrencies can offer unique solutions and opportunities that Bitcoin alone might not cover.

So, while we celebrate Twenty One Capital’s move, let’s also keep our eyes open to the broader crypto landscape. After all, in the quest for financial revolution, it’s the combined efforts of all these players that will truly disrupt the status quo.

Key Questions and Takeaways:

• What was the value of the Bitcoin purchased by Tether?

  Tether purchased 4,812 BTC at an average price of $95,319 per token, totaling approximately $458.7 million.

• How does Twenty One Capital’s Bitcoin holdings compare to other corporations?

  With 36,312 BTC, Twenty One Capital ranks just behind Strategy and MARA Holdings in terms of corporate Bitcoin ownership.

• Who are the co-founders of Twenty One Capital?

  Tether, Bitfinex, and SoftBank co-founded Twenty One Capital in April 2025.

• What is the planned ticker symbol for Twenty One Capital upon its public listing?

  The planned ticker symbol for Twenty One Capital is “XXI.”

• What is the role of Jack Mallers in Twenty One Capital?

  Jack Mallers, founder of Strike, serves as the CEO of Twenty One Capital and aims to position the company as a leader in Bitcoin-focused financial services.

• What is the primary mission of Twenty One Capital according to Jack Mallers?

  Jack Mallers stated that Twenty One Capital’s mission is to become the “most successful company in Bitcoin.”

• What type of financial products does Twenty One Capital plan to offer?

  Twenty One Capital plans to offer Bitcoin-native financial products, including lending tools and capital market offerings.

• What is the significance of the SPAC merger for Twenty One Capital?

  The SPAC merger facilitated by Cantor Equity Partners is crucial for Twenty One Capital as it enables the company to go public quickly and efficiently, aligning with its goal to provide institutional access to Bitcoin.