Twenty One Capital (XXI), a Bitcoin-native company set to go public, has secured an additional 5,800 Bitcoin from Tether, worth around $680 million, boosting its total holdings to over 43,500 Bitcoin.
With this announcement, Twenty One Capital became the third-largest corporate Bitcoin treasury globally, behind only Strategy (607,770 BTC) and MARA Holdings (50,000 BTC).
While the number of companies holding Bitcoin in their treasuries is growing, Twenty One is capitalizing on this trend, with Bitcoin in its treasury averaging $87,280 per coin.
Twenty One Capital Amasses Bitcoin in Record Treasury Surge
Twenty One Capital is the Bitcoin treasury company launched by an affiliate of Cantor Fitzgerald LP, stablecoin issuer Tether Holdings SA, and SoftBank Group.
The company, which plans to list via a SPAC merger with Cantor Equity Partners, will offer investors a unique way to track performance through Bitcoin Per Share (BPS). BPS is a transparent metric to determine how much Bitcoin each share represents.
Unlike traditional stocks linked to earnings, Twenty One Capital’s model directly links shareholder value to its Bitcoin reserves. This helps investors to avoid legacy financial risks.
“We believe Bitcoin deserves a public company worthy of its ethos. With the partners, capital, team, and structure we’ve assembled, we feel like we can do anything, and we’re just getting started. Twenty One is a new kind of public company: built on Bitcoin, backed with proof, and driven by a vision to reshape the global financial system. We’re not here to beat the existing system, we’re here to build a new one,” Jack Mallers, Co-Founder and CEO of Twenty One, stated in a press release.
Paolo Ardoino, CEO of Tether, said that, “Bitcoin represents more than just a financial asset; it’s a foundational protocol for freedom, transparency, and resilience. Twenty One captures that ethos in corporate form. By anchoring its model entirely to Bitcoin, it breaks from legacy financial conventions and points toward a future where value is truly sovereign. This is the kind of vision we’re proud to support.”
Bitcoin is experiencing a historic bull run amid positive regulatory developments, attracting institutional investors. Additionally, Bitcoin’s mainstream adoption on Wall Street through ETFs is opening doors for investors seeking exposure to crypto without directly holding it.
Furthermore, the United States’ first pro-crypto president, Donald Trump, has boosted the confidence of financial institutions and investors, encouraging them to integrate the crypto economy into their existing financial infrastructure.
“I think the treasury company bubble can get dot-com level large. We could see a 3–4 year run that takes Bitcoin well beyond a million dollars,” Swan stated in a post on X.
At the time of writing, Bitcoin is trading at around $117,727 with a 0.27% drop in a day, according to CoinMarketCap.
Also Read: Bitcoin Price Recovers Fully After $9B Whale Dump Shock; What’s Next?
