Bitcoin Entrepreneur Jack Mallers Launches Twenty One With 2,000 Bitcoin

Generated by AI AgentCoin World
Tuesday, Jul 8, 2025 10:43 am ET1min read
BTC
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Jack Mallers, a prominent figure in the

Bitcoin
community, has founded a new company called Twenty One, aiming to establish a significant presence in the Bitcoin treasury market. At just 31 years old, Mallers has already made a substantial impact, having founded companies like Strike and Zap, and playing a crucial role in El Salvador's adoption of Bitcoin as legal tender.

In a recent interview, Mallers discussed the origins of Twenty One, which stemmed from a friendship with Paolo Ardoino, the CEO of Tether. The idea for the company was born out of a Telegram group chat where they discussed the potential for a credible Bitcoin treasury company. Mallers and Ardoino decided to take on the challenge themselves, leading to the rapid formation of Twenty One within weeks.

SoftBank joined as a launch partner, contributing a significant amount in Bitcoin. Mallers emphasized the company's commitment to Bitcoin, stating that they think in terms of Bitcoin rather than dollars. The initial launch is planned with at least 2,000 Bitcoin, positioning Twenty One as the third-largest Bitcoin treasury in the world.

Mallers' journey into Bitcoin began when a futures trader explained the mechanics of money to him, highlighting the debasement of money through government printing and inflation. This understanding has driven Mallers' passion for Bitcoin, which he sees not just as an asset or a financial instrument, but as a moral code. He believes that Bitcoin represents principles such as non-censorship, non-inflation, non-confiscation, non-counterfeiting, and non-stealing.

Mallers envisions Bitcoin as an ethical and moral code that can create a safe and free world. He encourages people to view Bitcoin beyond its financial aspects, seeing it as a tool for depoliticizing the issuance of money and promoting a more just and equitable society. This perspective underscores Mallers' commitment to Bitcoin as a force for positive change, both financially and morally.