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A New MicroStrategy May Be Born: They Announced a Very Large Bitcoin Purchase!
Tether CEO Paolo Ardoino announced that he transferred 7,000 BTC to Twenty One Capital's BTC address as part of Bitfinex's investment in Twenty One Capital.
Twenty One Capital (XXI) is drawing attention as a new Bitcoin investment company established in collaboration with giants like Cantor Fitzgerald, SoftBank, Tether, and Bitfinex. The company's core strategy is based on buying large amounts of Bitcoin and holding it for the long term.
Tether has become the largest shareholder and actual controlling party of Twenty One Capital following the merger with the SPAC company Cantor Equity Partners (CEP). With this move, the company has been publicly listed.
At its establishment, Twenty One Capital, which had approximately 42,000 BTC ( worth about 3.56 billion dollars ) in assets, ranked third in the world in terms of institutional Bitcoin reserves. Among the first companies to contribute Bitcoin are:
The company's CEO became Jack Mallers, recognized as the founder of Strike.
With its new structure, Twenty One Capital may intend to create another MicroStrategy influence in the institutional space.
*It is not investment advice.
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