Bitcoin News Today: Twenty-One Capital CEO Advocates Bitcoin Treasury Firms Over ETFs

In a recent discussion, Jack Mallers, the CEO and co-founder of Twenty-One Capital, highlighted the advantages of investing in Bitcoin treasury firms over crypto ETFs. Mallers, a prominent advocate for Bitcoin, emphasized that companies focused on accumulating Bitcoin offer a more direct and efficient way for traditional investors to gain exposure to the cryptocurrency market.

Twenty-One Capital, backed by Tether and Softbank, is one such firm. Unlike traditional ETFs, Twenty-One operates as a Bitcoin-focused company with the primary goal of increasing its Bitcoin holdings per share. This approach allows investors to participate in the Bitcoin market without the complexities of using crypto exchanges or managing self-custody through hardware wallets.

Mallers explained that the capital trapped in public markets can be effectively utilized by companies like Twenty-One, which provide a straightforward vehicle for investors to access Bitcoin. This strategy, pioneered by MicroStrategy, has gained traction with several firms adopting it in recent months. Twenty-One Capital is preparing to go public soon, following a merger with Cantor Equity Partners, a special-purpose acquisition company.

The launch of Twenty-One Capital comes at a time when Bitcoin has surpassed the $120,000 mark, indicating a growing appetite among Wall Street investors for new ways to hold the cryptocurrency. Mallers believes that Twenty-One Capital represents a new era for Bitcoin, bringing it directly to Wall Street and offering a pure-play investment opportunity.

Despite the competition from established firms like MicroStrategy, Mallers is confident in Twenty-One Capital's unique approach and strong founding team. The company's focus on increasing Bitcoin per share and its operational structure set it apart from traditional ETFs, making it an attractive option for investors looking to capitalize on the growing interest in Bitcoin.