🔑 Key Takeaways
- A new Bitcoin-focused investment firm, Twenty One Capital, has been launched by Tether, SoftBank, Bitfinex, and Jack Mallers.
- The firm will start with 42,000 BTC, making it the third-largest holder of Bitcoin globally.
- The strategy mimics MicroStrategy’s long-term Bitcoin investment model.
- The launch reflects growing institutional interest and aligns with a pro-crypto U.S. policy environment.
📢 Detailed News Report
So what occurred in the crypto world on April 23, 2025, you ask?Well, among other things, this was the day Twenty One Capital was born – a Bitcoin-native investment company. It is a collaboration between industry giants, Tether, SoftBank, Bitfinex, and Jack Mallers - CEO of Strike.
The company had been formed via a reverse merger with a SPAC (Special Purpose Acquisition Company) called Cantor Equity Partners, sponsored by Brandon Lutnick – the son of U.S. Commerce Secretary Howard Lutnick.
Twenty One Capital will begin with a massive holding of 42,000 BTC, placing it among the top three largest institutional Bitcoin holders worldwide. Tether alone has committed around $1.5 billion in Bitcoin to support the new venture. This move shows strong confidence in Bitcoin’s future and mimics the well-known strategy of MicroStrategy, which has built a reputation as a long-term Bitcoin accumulator.
To fund its plans, the firm will raise additional capital through a $385 million convertible bond and a $200 million private equity offering. Those who invest Bitcoin in the firm will receive company shares in return. Shares are priced at $13 for private equity and $10 for the bond round.
Jack Mallers will lead Twenty One Capital as CEO and will be bringing his expertise in Bitcoin adoption and payments to the forefront. He stated that the firm’s goal is to become a long-term institutional custodian and grow the global Bitcoin ecosystem.
This launch comes at a time when the U.S. government appears more open to supporting crypto innovation, signaling a potential shift in how large financial firms interact with digital assets.
With such significant backing and strategic leadership, Twenty One Capital is expected to make a major impact on how institutions engage with Bitcoin—and possibly change the future of crypto finance.
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