Bitcoin Venture Aims for 42000 BTC

Twenty One Capital Launches with Goal to Amass 42,000 Bitcoin

• Twenty One Capital is backed by Tether, SoftBank, and Cantor Fitzgerald.
• The company aims to accumulate over 42,000 BTC, valued at approximately $3.8 billion.
• Jack Mallers will lead the venture, focusing on Bitcoin-native financial products.
• The firm is merging with Cantor Equity Partners and will trade under the ticker XXI.
• Tether and Bitfinex will hold a majority stake post-merger; SoftBank Group will have a minority interest.

Twenty One Capital plans to become one of the largest Bitcoin holders globally by acquiring over 42,000 BTC. The firm is valued at $3.6 billion and aims to develop Bitcoin-focused products under Jack Mallers’ leadership.