Twenty One Capital, the Bitcoin treasury powerhouse supported by Tether and SoftBank, is set to bolster its Bitcoin reserves with an additional 5,800 BTC. This move comes as the company prepares for a public listing through a merger with Cantor Equity Partners, announced earlier this week. With this strategic acquisition, Twenty One Capital’s total Bitcoin holdings will surpass 43,500 BTC, valued at over $5 billion at current market prices, positioning it as the third-largest corporate Bitcoin treasury, trailing only behind MicroStrategy and Tesla. For more insights into their growing reserves, see our recent article on Twenty One Capital’s Bitcoin stash.
A Calculated Bet on Scarcity
Jack Mallers, the dynamic CEO of Twenty One Capital and also the head of the Bitcoin payments app Strike, elaborated on the firm’s bold strategy during a recent Bloomberg TV interview. He emphasized Bitcoin’s fixed supply as a pivotal factor in their accumulation drive, labeling the digital currency as “the scarcest thing.” His vision? A future where price hikes are driven by institutional and sovereign buyers scrambling for a piece of the limited Bitcoin pie.
“In the crypto world, there’s no factory churning out more Bitcoin,” Mallers quipped. “To secure more, you have to be ready to pay a premium—perhaps at $120,000, $130,000, or even $150,000.” This sentiment is echoed in the growing anticipation around Bitcoin ETFs and potential nation-state investments, which could spark rapid price escalations.
Mallers further noted, “Bitcoin’s inelastic nature means demand doesn’t just go away—it shifts the price upwards. Market participants will find their supply, but it’ll come at a steeper price.”
Tracking and Transparency
In a move to enhance transparency and offer investors clear insights, Twenty One Capital plans to introduce a “Bitcoin Per Share” metric. This innovative approach will allow investors to monitor Bitcoin holdings directly, bypassing traditional earnings reports. With Tether and Bitfinex maintaining majority ownership in the firm post-listing and SoftBank holding a minority stake, the shares are anticipated to trade under the ticker “XXI,” contingent upon securing regulatory and shareholder approvals.
The firm has assured stakeholders that its holdings will remain auditable through real-time on-chain proof of reserves, reinforcing trust in an industry where transparency is often under scrutiny.
The Bigger Picture: Historical Context and Market Moves
This aggressive accumulation strategy aligns with a broader trend observed within the cryptocurrency market, where major players are increasingly amassing Bitcoin as a hedge against economic uncertainty and inflation. The fixed supply of Bitcoin—capped at 21 million coins—has always been a significant allure, drawing comparisons to precious metals like gold. However, unlike gold, Bitcoin’s digital nature and divisibility make it an attractive asset in the digital age. As detailed in our analysis of Twenty One’s treasury growth, their strategic moves are part of a larger pattern of institutional investment in Bitcoin.
Historically, such strategic moves by large corporations have often preceded notable shifts in market sentiment and prices. For instance, when companies like MicroStrategy first announced their significant Bitcoin purchases, it triggered a wave of corporate interest in Bitcoin as a treasury asset, leading to substantial price rallies.
Looking Ahead: Unresolved Questions
As Twenty One Capital gears up for its public listing, the market watches closely. Will this substantial increase in Bitcoin holdings signal a new wave of institutional adoption? And as prices potentially soar, where does the average investor fit in this evolving landscape? These questions linger, hinting at the growing complexity of the crypto market.
In the coming months, as regulatory approvals are sought and market dynamics evolve, the world will be watching to see if Jack Mallers’ bold predictions come to fruition. The implications are vast, not just for Twenty One Capital, but for the broader cryptocurrency ecosystem. One thing’s for sure: the next chapter in Bitcoin’s story is just beginning, and it promises to be as unpredictable as ever.
Source
This article is based on: Twenty One Boosting Bitcoin Holdings; CEO Jack Mallers Sees $150K BTC Incoming
Further Reading
Deepen your understanding with these related articles:
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- Strategy Resumes Bitcoin Buys, Boosting Holdings to Over $72 Billion in BTC
- Strategy Grabs Another $472M In Bitcoin—Even With Price At ATH
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
