Tether’s $459M Bitcoin purchase has propelled the emergence of Twenty One Capital, a Bitcoin-focused investment firm set to make waves in the crypto industry.
Tether substantially increases Bitcoin funds controlled by Twenty-One Capital
In a bold step that shows they are all about Bitcoin, Tether bought 4,812 Bitcoin, close to $459 million worth, for their partner firm, Twenty-One Capital. Now the company is among the top three corporate Bitcoin holders after MicroStrategy and Marathon Digital.
A recent SEC filing revealed that the purchase was made for an average price of $95,319 per coin and temporarily held in an escrow wallet. Twenty-One Capital is set to go public via a merger with Cantor Equity Partners and backed the transaction via a private investment in public equity (PIPE) deal.
Tether’s decision shows that they are a unique and influential company in the crypto space. Similarly, the Bitcoin ecosystem accepts Twenty-One Capital as a major player. The firm is already making waves with a starter treasury of approximately 42,000 Bitcoins, worth $4 billion in total. Tether has contributed more than 23,000 BTC, SoftBank has committed 10,500 BTC, and Biaffine has given a total of 7,000 BTC.
Supported by Industry Giants: A Vision for Bitcoin Dominance
The highest and most prominent names in the crypto and tech industries support Twenty-One Capital. Besides Tether and Bitfinex, the company benefits from the financial muscle of SoftBank, which is a global technology investment powerhouse. The strong team gives Twenty-One Capital the means and legitimacy to carry out its ambitious vision.
Leading this movement is Jack Maller, the CEO of Strike and a known Bitcoin advocate. Guided by him, Twenty-One Capital will become a Bitcoin-native institution with no association with other cryptos. The company’s plan focuses on services and solutions offered solely on Bitcoin, making it a pure play for institutions and retail investors.
The company has adopted a unique approach by using Bitcoin per share as its key performance metric
While a traditional company focuses on profit or earnings per share (EPS), Twenty-One Capital has decided to use Bitcoin per share as its key metric. This means that the firm only cares about amassing Bitcoin and not conventional profits. Through the adoption of this capital-efficient model, Twenty-One Capital aims to offer institutional investors an efficient way to gain exposure to Bitcoin markets without the complications of direct ownership.
In addition to holding Bitcoin, the firm intends to offer a range of BTC-focused services, including various financial products.
The firm will provide loans secured by bitcoins, offering liquidity while maintaining exposure to Bitcoin.
The advisory solutions assist clients in navigating the intricacies of Bitcoin.
These offerings seek to simplify Bitcoin for retail and institutional investors. Moreover, they cement Twenty-One Capital’s position as a bridge between the traditional financial system and the evolved digital asset ecosystem.
Investor Interest Soars Ahead of Public Listing Going Global
Twenty-One Capital is receiving a positive response from the market. The firm’s shares, now under Cantor Equity Partners (CEP), are up more than 460% and retracing some of those gains. The sharp increase demonstrates a growing optimism among investors that the company could reshape Bitcoin finance.
The Bitcoin-native strategy and substantial backing from industry builders, as well as diverse innovative services, make Twenty-One Capital a strong candidate to define the future of Bitcoin.
Conclusion: Innovating the Future of Bitcoin Financial Services
Tether bought $459 million worth of Bitcoin via Twenty One Capital. The company has since emerged as one of the largest corporate Bitcoin holders in the world. The company plans to reshape institutional and individual interactions with the leading cryptocurrency, Bitcoin, by concentrating on it and taking advantage of its strong support network.
As Twenty One Capital prepares to go public, its style and vision are already capturing the attention of the financial world. With all the momentum in place, the company is all set to push the envelope and establish a stronghold in Bitcoin-centric finance, one big leap at a time.
