Twenty One raises Bitcoin treasury to $5.1B with Tether support
Bitcoin treasury firm Twenty One Capital has announced an increase in its planned Bitcoin holdings to 43,500 BTC, valued at approximately $5.1 billion based on the current price near $117,516 per BTC.
This increase includes about 5,800 BTC acquired from Tether (CRYPTO:USDT), one of the partners involved in the joint venture with Bitfinex, Cantor Fitzgerald, and SoftBank.
The firm aims to become among the top corporate holders of Bitcoin, trailing only Strategy and Bitcoin miner MARA Holdings in total BTC assets.
Based in Austin, Twenty One offers traditional investors a way to gain exposure to Bitcoin through shares that will be publicly traded following a planned special purpose acquisition company (SPAC) merger with Cantor Equity Partners.
Cantor Equity Partners, affiliated with Cantor Fitzgerald, has seen its shares rise sharply ahead of the merger.
Once the merger is complete, the company will list on Nasdaq under the ticker symbol XXI.
"Twenty One is a new kind of public company: built on Bitcoin, backed with proof, and driven by a vision to reshape the global financial system," stated Jack Mallers, CEO and co-founder of Twenty One.
"We’re not here to beat the existing system, we’re here to build a new one," he also added.
The company’s strategy focuses on accumulating Bitcoin as its primary business objective, reflecting the growing institutional trend toward building corporate Bitcoin treasuries.
These treasuries allow investors to access Bitcoin exposure via regulated stock vehicles, bridging traditional finance and cryptocurrency markets.
At the time of reporting, BTC price was $117,777.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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