A New MicroStrategy May Be Born: They Announced a Massive Bitcoin Purchase – BitRss – Crypto World News
Bitcoin Sistemi 12 minutes ago 34
Tether CEO Paolo Ardoino announced that Bitfinex transferred 7,000 BTC ($104,311.00) to Twenty One Capital’s BTC address as part of its investment in Twenty One Capital.
Twenty One Capital (XXI) stands out as a new Bitcoin investment company founded in collaboration with giants such as Cantor Fitzgerald, SoftBank, Tether and Bitfinex. The company’s main strategy is to buy large amounts of Bitcoin and hold it for the long term.
Tether became the largest shareholder and de facto controlling shareholder of Twenty One Capital after its merger with SPAC firm Cantor Equity Partners (CEP). With this move, the company went public.
With approximately 42,000 BTC (approximately $3.56 billion) in assets at the time of its founding, Twenty One Capital ranked third in the world in terms of institutional Bitcoin reserves. Among the companies that made the first Bitcoin contributions are:
- Tether: 18,713 BTC
- Bitfinex: 7,000 BTC
- SoftBank: ranks with 10,500 BTC.
The company’s CEO was Jack Mallers, known as the founder of Strike.
With its new structure, Twenty One Capital may be looking to create another MicroStrategy impact in the corporate space.
*This is not investment advice.
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