Bitcoin News Today: Twenty One Capital Acquires 5,800 BTC Total Holdings Exceed 43,500 BTC Becomes Third-Largest Corporate Treasury

Twenty One Capital, Inc. has announced the acquisition of 5,800 additional Bitcoin from Tether, marking a significant expansion of its corporate treasury. This move, tied to the company’s business combination with Cantor Equity Partners (Nasdaq: CEP), elevates its total Bitcoin holdings to over 43,500 BTC, securing its position as the third-largest corporate Bitcoin treasury globally. The acquisition underscores the firm’s strategic commitment to Bitcoin, with all assets to be held transparently on-chain and accessible via real-time Proof of Reserves [1].

The company disclosed that its Bitcoin was acquired at a blended average cost of $87,280.37 per BTC. Upon listing, each share of Twenty One will represent approximately 12,559 satoshis and trade under the ticker XXI. A new metric, Bitcoin Per Share (BPS), will replace traditional earnings per share (EPS) to enable investors to track performance in Bitcoin terms [1].

Jack Mallers, co-founder and CEO of Twenty One Capital, emphasized the company’s mission to align with Bitcoin’s ethos. “We believe Bitcoin deserves a public company worthy of its ethos,” he stated, highlighting the firm’s goal to reshape the global financial system through a model built entirely on Bitcoin [1]. Tether CEO Paolo Ardoino added that the company’s structure “breaks from legacy financial conventions,” positioning it as a model for future value sovereignty [1].

Ownership of Twenty One Capital will be majority-controlled by Tether and Bitfinex, with SoftBank as a significant minority investor. Remaining shares will be distributed among private investment in public equity (PIPE) investors, CEP shareholders, and Cantor Fitzgerald [1]. The transaction’s transparency, including the on-chain storage of Bitcoin, aims to eliminate legacy financial liabilities for investors while providing direct exposure to Bitcoin.

The decision to expand Bitcoin holdings reflects growing institutional confidence in the asset. By integrating Bitcoin into its corporate framework and leveraging on-chain transparency, Twenty One Capital aims to redefine corporate governance in the digital asset space. The firm’s approach aligns with broader trends of institutional adoption, though its success will depend on market dynamics and the execution of its operational model post-listing.

Sources:

[1] Bitcoin Magazine, [https://bitcoinmagazine.com/news/twenty-one-capital-to-acquire-5800-additional-bitcoin-to-its-treasury](https://bitcoinmagazine.com/news/twenty-one-capital-to-acquire-5800-additional-bitcoin-to-its-treasury)