Bitcoin News Today: Twenty One Capital Jumps to Third in Bitcoin Holdings After 5,800 BTC Boost from Tether

Twenty One Capital has solidified its position as the third-largest corporate holder of Bitcoin following a significant 5,800 BTC influx from Tether. The move, disclosed in a July 29 statement, elevates the firm’s total Bitcoin holdings to over 43,500 BTC, valued at approximately $5.1 billion as of press time [1]. This transaction includes a 1,381 BTC purchase by Tether and the fulfillment of a prior obligation to acquire 4,422 BTC [2]. The firm has already received 4,700 BTC, pushing its stash to 43,343 BTC, while the full 5,800 BTC transfer is expected to complete its public listing preparations via a SPAC merger with Cantor Equity Partners [3].

The firm’s strategy emphasizes a Bitcoin-centric financial model, with CEO Jack Mallers describing Twenty One as a “new kind of public company: built on Bitcoin, backed with proof, and driven by a vision to reshape the global financial system” [4]. To provide transparency, the company plans to publish a “Bitcoin Per Share” (BPS) metric, where each fully diluted share represents approximately 12,559 satoshis. This approach diverges from traditional earnings-per-share models, allowing shareholders to directly track performance in Bitcoin terms [5].

Tether’s role in the firm’s treasury expansion is pivotal. The stablecoin issuer and its parent company, Bitfinex, became majority stakeholders in the SPAC deal, alongside minority investor SoftBank Group. This funding structure enables Twenty One to maintain a capital structure devoid of legacy liabilities, positioning it as a “pure exposure” Bitcoin investment vehicle [6]. The firm’s current Bitcoin holdings have an average cost of $87,280.37 per token, with the recent addition valued at over $600 million based on current prices [7].

The firm’s rise reflects a broader trend of corporate Bitcoin accumulation. Over 100 publicly traded companies now hold nearly 1 million Bitcoin in their treasuries, a strategy pioneered by entities like MicroStrategy. While critics highlight risks associated with aggressive accumulation, market analysts like Joe Consorti of Theya Bitcoin argue such firms pose no systemic risk. “They’re deploying conservative, intelligent leverage,” he noted, emphasizing that the real threat lies in underexposure amid institutions’ accelerated Bitcoin purchases [8].

Twenty One’s public listing, pending shareholder approvals, will tie its equity value directly to Bitcoin’s price action. This model challenges traditional corporate finance by integrating tokenized exposure into shareholder value. The firm’s success will depend on executing its SPAC merger and sustaining its acquisition strategy amid market volatility [9].

Sources:

[1] https://www.businesswire.com/news/home/20250729447172/en/Twenty-One-Expects-to-Add-5800-Bitcoin-Before-Planned-Listing-Increasing-Holdings-to-At-Least-43500-BTC

[2] https://cryptobriefing.com/bitcoin-treasury-twenty-one/

[3] https://crypto.news/tether-backed-twenty-one-adds-5800-btc-ahead-of-planned-listing/

[4] https://cryptoslate.com/twenty-one-capital-rises-to-3rd-largest-bitcoin-holder-following-5800-btc-boost-from-tether/

[5] https://www.ainvest.com/news/bitcoin-news-today-twenty-capital-expands-bitcoin-holdings-43-500-btc-public-listing-2507/

[6] https://markets.ft.com/data/announce/detail?dockey=600-202507290920BIZWIRE_USPRX____20250729_BW447172-1

[7] https://cryptoslate.com/twenty-one-capital-rises-to-3rd-largest-bitcoin-holder-following-5800-btc-boost-from-tether/

[8] https://www.bitget.site/price/shiba-predator/gbp

[9] https://www.bitget.com/price/auto/jod