Investment firm Twenty One Capital, led by CEO Jack Mallers, is acquiring 5,800 Bitcoin to bolster its cryptocurrency reserves before its planned public listing on NASDAQ. This acquisition elevates the company’s total Bitcoin holdings to over 43,500 BTC, positioning it as the world’s third-largest public holder of the cryptocurrency.
Stablecoin issuer Tether has been confirmed as a key partner in the transaction, providing the majority of the Bitcoin for the purchase. Tether’s substantial involvement underscores strong institutional conviction in Bitcoin’s long-term value proposition and market resilience.
The public listing remains contingent on approval from the U.S. Securities and Exchange Commission, which is currently conducting a comprehensive review of the application. This regulatory process highlights ongoing challenges for cryptocurrency-related public offerings.
Financial analysts observe that this move reflects deepening institutional trust in Bitcoin’s foundational role within digital asset markets and may influence liquidity dynamics and broader price trends. The acquisition signals growing corporate adoption of Bitcoin as a strategic treasury asset.