Bitcoin News Today: Twenty One Capital Exceeds Bitcoin Target by 1,500 BTC Holding $5.13 Billion

Twenty One Capital, a Bitcoin treasury firm backed by Cantor Fitzgerald, Tether, and SoftBank, has surpassed its initial Bitcoin accumulation goals, revealing a total holding of at least 43,500 BTC as of its latest update. This figure, reported by Bloomberg, exceeds the company’s original projection by approximately 1,500 BTC. The firm’s holdings, valued at roughly $5.13 billion at current prices, include 5,800 BTC recently transferred from Tether, a stablecoin issuer linked to the company’s founding in April 2024 [1].

The firm’s rapid accumulation aligns with a broader trend of institutional interest in Bitcoin. Unlike some peers, Twenty One Capital has avoided leveraging debt to finance its purchases, distinguishing itself in an industry where debt-funded acquisitions have become common. Its strategy mirrors that of MicroStrategy CEO Michael Saylor’s company, which has amassed over 607,000 BTC since mid-2020. However, Twenty One’s holdings are now approaching those of MARA Holdings, a Bitcoin miner with 50,000 BTC, though it remains short of the largest corporate holders [1].

The firm’s growth is supported by its leadership and strategic partnerships. Jack Mallers, CEO of Strike and a prominent Bitcoin advocate, leads Twenty One Capital. The company is also set to merge with Cantor Equity Partners, a special purpose acquisition company (SPAC), which will facilitate its transition to a publicly traded entity. This move could amplify its visibility and credibility in the market, potentially attracting further institutional investment [1].

The surge in corporate Bitcoin treasury activity reflects a broader “hodl strategy” resurging in 2024. Miners such as Riot Platforms, CleanSpark, and Hut 8 now rank among the largest BTC holders, with many retaining mined assets to capitalize on anticipated price appreciation. Beyond mining firms, non-crypto companies like Kitabo, Semler Scientific, and Volcon have also added Bitcoin to their balance sheets, signaling a shift in corporate risk management and asset diversification [1].

Twenty One Capital’s expansion highlights the evolving role of Bitcoin as a corporate reserve asset. While its approach diverges from debt-driven models, the firm’s ability to grow holdings without external financing underscores the asset’s liquidity and institutional confidence. The planned SPAC merger may further accelerate its trajectory, offering investors a new avenue to access Bitcoin exposure through traditional financial markets.

Source: [1] Twenty One Capital’s Bitcoin Stash Is Bigger Than Initially Expected

https://coinmarketcap.com/community/articles/6888f11c3981806f1249e155/