- Twenty One Capital is the latest Bitcoin investment startup.
- Twenty One Capital is backed by Tether
- The newly acquired Bitcoin is called “Initial PIPE Bitcoin”
Twenty One Capital has made a gigantic investment in 4,812 Bitcoin acquisition at a cost of $458.7 million making a landmark entry to the Bitcoin space. This significant investment has made the Tether backed Bitcoin investment startup one of the top 3 Bitcoin holders, trailing only MicroStrategy and Marathon Digital. The purchase was executed via a private investment in public equity (PIPE) deal.
The newly acquired Bitcoin, termed “Initial PIPE Bitcoin,” was initially transferred into a Tether-controlled wallet before being sold to Twenty One Capital. The purchase followed a business combination through a SPAC (special purpose acquisition company) merger, as disclosed in a recent securities filing.
Backed by Tether
Twenty One Capital was formed through a $3.6 billion merger involving Cantor Equity Partners, a Cantor Fitzgerald affiliate, and a SPAC, and is backed by some of the most influential names in finance and crypto, most notably Tether, Bitfinex, and SoftBank.
The firm launched with a substantial balance sheet, holding roughly 42,000 BTC—valued at around $4 billion at the time. This includes 23,950 BTC from Tether, 10,500 BTC from SoftBank, and 7,000 BTC from Bitfinex, instantly positioning it among the largest public holders of Bitcoin.
Jack Mallers, founder of the Strike payments app and a vocal advocate for Bitcoin’s future as a financial standard has reportedly pushed the move. Mallers is driving the company not just as a BTC holder, but as a force shaping the digital asset ecosystem.
Moreover, Twenty One Capital plans to offer capital-efficient avenues for investors to gain Bitcoin exposure through a combination of equity, debt, and advisory services; its upcoming product suite includes Bitcoin-backed loans, investment advisory offerings, and educational tools designed to help institutions and individuals engage more effectively with Bitcoin.