A new corporate Bitcoin treasury, Twenty One, will leverage its holdings for returns

From Yahoo Finance: 2025-04-24 18:14:00

Shares of Cantor Equity Partners, led by Brandon Lutnick, son of President Trump’s commerce secretary, are up 50% after announcing plans to merge with Twenty One to create the world’s third-largest corporate Bitcoin treasury. Twenty One will hold 42,000 bitcoins and be majority-owned by Tether and Bitfinex.

The company aims to leverage its Bitcoin holdings to generate returns for shareholders and capitalize on potential price appreciation. The Trump administration’s support for Bitcoin, including the creation of a Bitcoin reserve, is highlighted in the company’s pitch to private investors.

Twenty One follows in the footsteps of Michael Saylor’s Strategy, transitioning from a software company to a Bitcoin accumulator. Led by Jack Mallers, the company plans to drive Bitcoin adoption at the corporate and sovereign levels through media operations and financial services. Mallers played a key role in El Salvador’s recognition of Bitcoin as fiat currency.



Read more at Yahoo Finance: Another Bitcoin Treasury Is Coming To Wall Street