Twenty One Capital Aims to List Publicly, Boost Bitcoin Holdings by 420,000

Generated by AI AgentCoin World
Wednesday, Jul 2, 2025 12:44 am ET1min read
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Twenty One Capital, a Bitcoin-focused company backed by Tether, is preparing to go public, aiming to list on a stock exchange soon. The company, led by CEO Jack Mallers, plans to trade under the ticker XSI. Mallers has expressed confidence in receiving approval for the listing, which is part of a broader initiative to integrate

Bitcoin
into corporate finance.

Once public, Twenty One Capital intends to focus on acquiring as much Bitcoin as possible. The company plans to use its operational cash flow, rather than debt, to fund these purchases. This strategy is designed to increase the company’s Bitcoin holdings and position it as a major player in the market. Mallers believes that this approach will maximize long-term value and increase Bitcoin per share for investors.

Twenty One Capital’s model differs from traditional corporate strategies by emphasizing operational cash flow. This approach is expected to make their Bitcoin strategy more sustainable. The company also plans to develop Bitcoin-native financial products, including lending models and capital market instruments. These products aim to replace traditional financial tools, further integrating Bitcoin into the corporate financial landscape.

The company’s strategy is not just about accumulating Bitcoin but also about creating long-term value for shareholders. This focus on increasing Bitcoin per share sets Twenty One Capital apart from other corporate Bitcoin holders. Mallers has highlighted the regulatory challenges they face, particularly in dealing with the SEC. Despite these hurdles, he remains optimistic about the new administration’s stance on cryptocurrency.

Twenty One Capital’s upcoming public listing and ambitious Bitcoin buying plans signal a new era for corporate crypto adoption. With Tether’s backing and Mallers’ vision, the company is well-positioned to make a significant impact among corporate BTC holders. Last month, Tether and Bitfinex transferred $2.7 billion in BTC to Twenty One Capital to support the firm’s goal of holding 420,000 BTC. A month earlier, the company purchased 4,812 BTC, which made it the third-largest BTC holder globally. Subsequent purchases have helped it retain this position, further solidifying its standing in the market.