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Twenty One Capital, a newly launched Bitcoin treasury company, has indeed acquired 4,812.2 BTC worth $458.7 million through stablecoin issuer Tether. This acquisition, which occurred on May 9, 2025, was disclosed in a recent filing with the U.S. Securities and Exchange Commission (SEC) on May 13, 2025. The average price paid per Bitcoin was approximately $95,319.
This purchase significantly boosts Twenty One Capital’s Bitcoin holdings to a total of 36,312 BTC. This positions the company as the third-largest corporate holder of Bitcoin globally, only trailing behind MicroStrategy and Bitcoin mining firm Marathon Digital.
Here are some key points regarding Twenty One Capital and this acquisition:
* Bitcoin-Native Company: Twenty One Capital is designed as a “Bitcoin-native” company with the core mission of maximizing Bitcoin ownership per share. Unlike other companies that hold Bitcoin as a treasury reserve asset, Twenty One Capital’s primary focus is on accumulating Bitcoin and developing Bitcoin-native financial products.
* Backing and Structure: The company was formed through a business combination with Cantor Equity Partners and is backed by major players in the cryptocurrency space, including Tether and the crypto exchange Bitfinex, which are majority owners. Japanese investment firm SoftBank also holds a significant minority stake.
* Leadership: Twenty One Capital is led by Jack Mallers, the founder and CEO of the payment network Strike, a strong advocate for Bitcoin adoption.
* Future Plans: Beyond accumulating Bitcoin, Twenty One Capital intends to develop a corporate architecture to support financial products built on Bitcoin, including native lending models and capital market instruments. The company also plans to produce Bitcoin-focused content and media to promote adoption and literacy.
* Funding: In addition to the initial Bitcoin contributions from Tether and Bitfinex, Twenty One Capital aims to raise further capital through convertible bonds and equity financing to continue its Bitcoin acquisition strategy.
This move by Twenty One Capital, with the significant backing of Tether and other major players, signals a growing trend of institutional interest in Bitcoin as a primary treasury asset. The company’s unique focus on Bitcoin accumulation as its core strategy distinguishes it from other publicly traded companies with Bitcoin holdings.