In an ambitious move set to transform the landscape of cryptocurrency investments, Jack Mallers has officially launched Twenty One Capital, a new Bitcoin treasury company that has recently acquired an impressive 4,812.2 Bitcoin, valued at approximately $458.7 million.
This strategic acquisition was facilitated through Tether, and its details were unveiled in a recent filing with the SEC by Cantor Equity Partners, Inc.
With an eye on going public under the ticker symbol $XXI, Mallers’ Twenty One Capital represents a bold new effort to position Bitcoin not just as a digital currency, but as a pivotal part of corporate investment strategies.
At its inception, Twenty One Capital aims to hold over 42,000 Bitcoin, firmly establishing itself as one of the largest corporate holders of Bitcoin worldwide.
This aggressive acquisition strategy is particularly noteworthy as it underscores Mallers' vision: to create substantial wealth for shareholders measured in Bitcoin terms.
By leveraging a partnership with Tether, the Bitcoin acquired will be stored in a secure digital wallet, providing transparency akin to that offered by Bitcoin exchange-traded funds (ETFs).
This article delves into Twenty One Capital’s strategy and its potential implications for the cryptocurrency market.
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Key Takeaways
- Jack Mallers' Twenty One Capital has launched a bold $458 million Bitcoin acquisition strategy with Tether as a key partner.
- The new company aims to position itself as a leading corporate holder of Bitcoin, enhancing investor engagement in the crypto market.
- Mallers is focused on ensuring shareholder wealth gains in Bitcoin, highlighting the potential of corporate involvement in cryptocurrency investments.
Overview of Twenty One Capital's Strategy
In the rapidly evolving landscape of cryptocurrency investment, Twenty One Capital, spearheaded by Jack Mallers, is making headlines with its innovative approach to Bitcoin treasury management.
With an impressive acquisition of 4,812.2 Bitcoin valued at approximately $458.7 million through a strategic arrangement with Tether, as disclosed by Cantor Equity Partners, Inc., the company is poised to carve out a significant presence in the market.
This acquisition is part of a broader Business Combination Agreement, positioning Twenty One Capital to go public under the ticker $XXI.
Mallers' aggressive strategy not only underscores his ambition to raise substantial capital for additional Bitcoin purchases but also places the company among the elite ranks of corporate Bitcoin holders worldwide, with plans to maintain over 42,000 Bitcoin in its portfolio.
By managing these cryptocurrencies in a digital wallet overseen by Tether, Twenty One Capital aims to foster a level of transparency comparable to that of traditional Bitcoin ETF issuers.
Emphasizing a unique commitment to wealth generation for shareholders through Bitcoin appreciation, Mallers envisions the entity as a pivotal link between capital markets and the burgeoning world of cryptocurrency, reinforcing its foundational ethos centered around Bitcoin.
Implications for the Cryptocurrency Market
The implications of Jack Mallers' ambitious venture, Twenty One Capital, extend far beyond mere acquisition figures, signaling a transformative moment for the cryptocurrency market.
By securing 4,812.2 Bitcoin through Tether, the company sets a precedent for institutional involvement in Bitcoin treasury strategies.
As Twenty One Capital positions itself to hold over 42,000 Bitcoin post-launch, the move not only consolidates its standing among corporate giants in the crypto space but also catalyzes a shift in perception towards Bitcoin as a legitimate asset class.
Investors and analysts alike are closely watching how this bold initiative could inspire other corporations to adopt similar strategies.
Furthermore, the emphasis on shareholder wealth gains through Bitcoin appreciation indicates a growing appreciation for cryptocurrency's potential in traditional financial circles.
With their operations governed by a digital wallet managed by Tether, the focus on transparency aligns with regulatory trends, thus facilitating greater confidence in the market.
Consequently, Mallers’ vision for Twenty One Capital could herald a new era of interlinked capital markets and cryptocurrency investment, pushing the boundaries of how investors perceive and engage with Bitcoin.
By Wolfy Wealth - Empowering crypto investors since 2016
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