Twenty One Capital, a Bitcoin-native company backed by Tether and Bitfinex, will increase its Bitcoin holdings by 5,800 BTC ahead of its planned public listing on Nasdaq. This acquisition brings the firm's total BTC treasury to 43,500 BTC, valued at over $600 million, positioning it as the third-largest corporate Bitcoin holder globally, trailing only MicroStrategy and Marathon Digital Holdings.
The new BTC allocation comprises a 1,381 BTC purchase by Tether and the settlement of a pre-existing obligation for 4,422 BTC. According to the announcement, Twenty One's entire BTC portfolio was accumulated at an average cost of $87,280.37 per token. The company expects to complete its public listing through a SPAC merger with Cantor Equity Partners, a Nasdaq-listed entity affiliated with Cantor Fitzgerald. Upon closing the deal—pending shareholder approval—Tether and Bitfinex will become majority owners, with SoftBank Group holding a minority stake.
CEO Jack Mallers emphasized the company's mission: "We're building a new kind of public company: built on Bitcoin, backed with proof, and driven by a vision to reshape the global financial system. Each of our shares will represent approximately 12,559 satoshis upon listing." The move surpasses Tesla's corporate BTC holdings and reflects a broader trend of institutional Bitcoin adoption, potentially influencing transparency standards and treasury strategies across the sector.