Asset management firm Twenty One Capital has significantly increased its Bitcoin treasury, surpassing initial projections and solidifying its position as a major player in corporate crypto investment. The firm's total Bitcoin holdings have now reached at least 43,500 BTC, an increase fueled by a recent influx of approximately 5,800 BTC from stablecoin issuer Tether.
This acquisition brings the value of Twenty One Capital's Bitcoin reserves to roughly $5.13 billion at current prices. The move positions Twenty One as the third-largest corporate Bitcoin treasury globally, closely trailing MARA Holdings. The firm, which launched in April, is backed by major investors including Cantor Fitzgerald, Tether, Bitfinex, and venture capital giant SoftBank.
Led by Strike CEO and Bitcoin advocate Jack Mallers, Twenty One Capital's strategy is focused on accumulating the digital asset. Unlike other firms such as Strategy, Twenty One Capital has not relied on debt to finance its Bitcoin purchases. The company plans to go public through a merger with special purpose acquisition company (SPAC) Cantor Equity Partners (CEP), and will trade under the ticker symbol “XXI”.
As part of its public listing, Twenty One will introduce a new performance metric called Bitcoin Per Share (BPS), designed to directly track Bitcoin-denominated performance. “We believe Bitcoin deserves a public company worthy of its ethos,” said Mallers. “We're not here to beat the existing system, we're here to build a new one.”
The firm's aggressive accumulation strategy reflects a broader trend of institutional adoption, as more corporations recognize Bitcoin as a store of value. Paolo Ardoino, CEO of Tether, voiced his support, stating, “Bitcoin represents more than just a financial asset, it's a foundational protocol for freedom, transparency, and resilience.” With its looming public debut and backing from powerful players in finance and crypto, Twenty One Capital is signaling a new, more aggressive phase of corporate Bitcoin investment.