Tether-backed Twenty One ups Bitcoin stash to 43,500 BTC, eyes Strategy’s crown
Main Idea
Twenty One Capital, backed by Tether, has increased its Bitcoin holdings to 43,500 BTC, positioning itself as the third-largest corporate Bitcoin holder, with ambitions to rival Strategy.
Key Points
1. Twenty One Capital added 5,800 BTC from Tether, bringing its total holdings to over 43,500 BTC.
2. The firm is now the third-largest corporate holder of Bitcoin, behind Strategy and MARA Holdings.
3. Tether contributed 4,422 BTC as part of a merger deal with Cantor Equity Partners (CEP), the SPAC facilitating Twenty One’s public listing.
4. Twenty One Capital aims to surpass Strategy, which currently holds 607,770 BTC, though the gap remains significant.
5. The company is led by Strike CEO Jack Mallers and plans to go public via a SPAC merger with Cantor Equity Partners, trading under the ticker symbol 'Twenty One'.
Description
In a bold move to rival Michal Saylor-led Bitcoin giant Strategy, Twenty One Capital has grown its stash to over 43,500 BTC following a new infusion from stablecoin issuer Tether. On July 29, the NASDAQ hopeful announced that it had received approximately 5,800 additional Bitcoins from Tether. With over 43,500 BTC now on its books—worth an estimated $5.15 billion—Twenty One Capital has firmly secured its position as the world’s third-largest corporate Bitcoin holder, behind only Strategy and MAR...
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