Latest news with #TwentyOneCapital
Yahoo
30-07-2025
- Business
- Yahoo
Twenty One Boosting Bitcoin Holdings; CEO Jack Mallers Sees $150K BTC Incoming
Twenty One Capital, the bitcoin (BTC) treasury firm backed by Tether and Softbank, plans to add 5,800 BTC to its reserves ahead of a public listing through its merger with Cantor Equity Partners, the firm said Tuesday. The contribution, led by Tether as part of an existing arrangement, would bring Twenty One's total holdings to more than 43,500 BTC, over $5 billion at current prices, positioning it as the third-largest corporate Bitcoin treasury behind MicroStrategy and Tesla. Twenty One CEO Jack Mallers, who also leads bitcoin-focused payments app Strike, tied the accumulation strategy to Bitcoin's fixed supply, calling it "the scarcest thing" during a Tuesday interview with Bloomberg TV. He said price increases could accelerate as institutional and sovereign buyers compete for limited supply. "If you want more bitcoin, you don't go to the bitcoin factory. You have to go up in price,' he said. "Is there enough bitcoin for me at 120, 000? No, okay. 130k, 140k, 150k?" Mallers suggested that growing demand from ETFs and possibly nation-states could force rapid price discovery. "Bitcoin is inelastic to demand," he said, adding that market participants will "find the supply they're looking for, they're just going to have to get it at a higher price." The company will also introduce a "Bitcoin Per Share" metric to let investors track holdings directly rather than through earnings. Tether and Bitfinex will remain majority owners of Twenty One after the listing, with SoftBank holding a minority stake. Shares are expected to trade under the ticker "XXI" upon deal completion, pending regulatory and shareholder approvals. The firm says all holdings will be auditable in real time via on-chain proof of in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-06-2025
- Business
- Yahoo
Bitwise CEO Says Lots Of Bitcoin Demand Is Coming In Q3. Here's Why:
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitwise CEO Hunter Horsley has hinted at sustained bullish momentum for Bitcoin in the coming months. Horsley said last week on X that 'a lot of demand' is coming for Bitcoin in Q3. He cited yet-to-be-completed merger and financing deals by impending Bitcoin treasury firms have been the major drivers of Bitcoin buying pressure and price action this year. 'There's a lot of Bitcoin Treasury Companies that have announced— but haven't yet closed, and thus bought the bitcoin,' he said. 'There's a lot of demand coming in Q3.' Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Among companies that have revealed Bitcoin treasury plans but have not closed deals are Twenty One Capital and Strive Asset Management. In April, Twenty One was announced as a new Bitcoin treasury company to be formed through Cantor Fitzgerald's Cantor Equity Partners (NASDAQ:CEP), a special purpose acquisition company. The new venture is to be partly owned by cryptocurrency exchange Bitfinex, its subsidiary Tether and Japanese investment bank SoftBank. Twenty One said it planned to launch with 42,000 BTC at the completion of its deal. So far, it has received only 37,000 BTC worth $4 billion from Tether. Strive in May also announced plans to become a publicly traded Bitcoin treasury company by merging with Asset Entities (NASDAQ:ASST). While the company has yet to close this merger, it later said that it raised $750 million to fund its first round of Bitcoin purchases. Beyond Twenty One Capital and Strive, Trump Media & Technology Group (NASDAQ:DJT) recently received the Securities and Exchange Commission's greenlight to kick off its Bitcoin treasury strategy, unlocking $2.3 billion in capital it had raised from 50 institutional investors to buy Bitcoin. Trending: New to crypto? on Coinbase. While new Bitcoin treasury companies work towards making purchases, incumbents are not slowing down. MicroStrategy (NASDAQ:MSTR) on Monday announced the purchase of 10,100 BTC for over $1 billion. Metaplanet also announced the purchase of 1,112 BTC for approximately $117 million, bringing its total stash to 10,000 BTC. Bitwise in December predicted that Bitcoin would trade as high as $200,000 in 2025. Last week, Horsley said once Bitcoin trades within the $130,000 to $150,000 price range, no one will sell the asset again. He said borrowing against asset holdings will become the order of the day. 'From there on, when people need liquidity, they are going to borrow from an ever growing set of lenders,' he said. 'All of which will further propel price. There's simply not going to be enough Bitcoin.' At last look, the asset is trading near $107,400, holding steady despite rising tensions between Iran and Israel in the past few days. Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article Bitwise CEO Says Lots Of Bitcoin Demand Is Coming In Q3. Here's Why: originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
12-06-2025
- Business
- Reuters
Breakingviews - The bitcoin hoarder copycat game is just beginning
TORONTO, June 10 (Reuters Breakingviews) - Michael Saylor has become the tycoon of chaos. The CEO of Strategy (MSTR.O), opens new tab has built a perpetual bitcoin-buying machine fueled by hedge funds' hunger for wild stock swings. His primary tool - the $280 billion market for bonds that can convert into shares - is big enough to support plenty of copycats. Right now, most of them aren't living up to the original. A couple select firms are just erratic enough to have a shot, though. Strategy proved that investors could be coaxed into supplying vast sums of money to stockpile bitcoin, even awarding the company a premium. Others have taken note. SoftBank-backed Twenty One Capital, opens new tab and Trump Media and Technology, opens new tab both raised funds last month to buy up the digital currency. Strive Asset Management, opens new tab's gambit extends to buying up companies trading below the value of their cash and using it to acquire more crypto. Some 116 public firms now hold the original digital currency, according to opens new tab. Strategy's hoard is the largest, worth over $60 billion. Saylor has two edges on his imitators. First, liquidity: some $5 billion of shares changed hands on the average day over the past month, ensuring trades can be completed efficiently. Second, volatility: hedge funds need big price moves to make their trades profitable. Strategy's shares swing twice as wildly as its average copycat's when measured against bitcoin, and even more so than the cryptocurrency itself, according to, opens new tab a paper from researchers at University College London and others. Hedge funds hand money to a bitcoin hoarder and receive convertible bonds, which can swap from debt to stock. The price they pay for these notes offers a glimpse of how much they think the related shares will swing around. Globally, convertibles have priced at an average implied volatility of 31%, Lazard calculated, opens new tab in 2018. In February, Strategy sold a $2 billion slug at an implied volatility in the high 40s, financial publication IFR reported. Imitators' operations are still nascent, but two of them, specifically, have potentially more to offer than Saylor's firm. Like convertibles, the price of plain options on a stock also indicates a view on volatility. Right now, Strategy's imply a level of 50%, according to LSEG. GameStop, the original meme stock recently turned bitcoin buyer, boasts an implied volatility of about 82%. The social-media company majority-owned by the U.S. president, Trump Media & Technology, weighs in at 67%. Of course, the entire approach collapses if gyrations in bitcoin's value become less violent, in turn subduing movement in the shares of Strategy and its followers. For now, though, the race is on.
Globe and Mail
04-06-2025
- Business
- Globe and Mail
Tether Just Made Twenty One Capital a Bitcoin Powerhouse
$3.9 billion worth of Bitcoin didn't just disappear into cold storage. It went straight into Jack Mallers' hands — or more precisely, his new venture, Twenty One Capital. In just a few days, the platform has gone from under-the-radar to the third-largest corporate holder of Bitcoin globally, now trailing only Strategy (MSTR) and MARA Holdings (MARA). Confident Investing Starts Here: Tether, alongside its sister firm Bitfinex, moved 37,229 BTC across several tracked transactions. Tether's CEO Paolo Ardoino confirmed the activity in real-time, documenting the flow on-chain. Some of the Bitcoin was designated for SoftBank's investment in the venture; the rest supported convertible equity agreements. This wasn't just about stacking sats — it was about cementing a new financial architecture with Bitcoin as the foundation. Build the Future on Bitcoin Rails Twenty One Capital, helmed by Strike founder Mallers, isn't trying to be just another crypto company. It's aiming to rebuild capital markets infrastructure entirely on Bitcoin rails. Lending, custody, asset issuance — all native to Bitcoin. That's the pitch. And now, with $3.9 billion backing it and a planned SPAC merger with Cantor Fitzgerald's Cantor Equity Partners, the runway is wide open. The company is already valued at $3.6 billion before a single product goes mainstream. Back Bitcoin as Infrastructure, Not Just an Asset What makes this move more than just another institutional play is its intent: Tether and Bitfinex aren't simply investing in Bitcoin as an asset — they're backing a future where Bitcoin becomes the infrastructure for financial markets. This shift away from proof-of-stake chains and hybrid models toward pure Bitcoin rails could show that major crypto players are starting to move their money away from speculative tokens and into building real financial systems directly on Bitcoin. While Strategy's Michael Saylor stands firm against on-chain proof-of-reserves, citing security risks, Mallers and company are moving billions in full view. Transparency isn't optional — it's the foundation. Bitcoin Isn't Just a Store of Value The implications ripple far wider than a single firm's wallet size. With these transactions, Twenty One Capital is positioning itself as the institutional layer Bitcoin has long lacked. It's a rebuttal to the notion that serious financial infrastructure can't be built on Bitcoin. And it's a declaration that Bitcoin isn't just a store of value — it's the backbone of the next financial system. This also sets up a showdown of philosophies. While some players hoard BTC and keep their moves private, Mallers is building a fortress in the open. The capital is public. The intent is aggressive. And the message is clear: Bitcoin doesn't need Wall Street's blessing. It needs builders who speak its language. At the time of writing, Bitcoin is sitting at $106,649.65.
Bloomberg
29-05-2025
- Business
- Bloomberg
Jack Mallers Aims to One-Up Michael Saylor With Tether and Cantor's Help
Until recently, Jack Mallers was probably best known outside the hardcore crypto community for bursting into tears in 2021 while announcing that Bitcoin would be legal tender in El Salvador during the industry's largest conference in Miami. Now, four years later, Mallers is returning to the center stage at Bitcoin 2025 in Las Vegas on Thursday as the co-founder and chief executive officer of one of the most talked-about ventures in the digital asset world — Twenty One Capital Inc., an amalgamation of some of crypto and Wall Street's deepest-pocketed players, who are coming together to accumulate Bitcoin.
