From Cointelegraph

April 23, 2025 9:10 PM:

A new Bitcoin treasury company, Twenty One Capital, plans to launch with 42,000 BTC worth $3.9 billion, backed by Tether, SoftBank, and Cantor Fitzgerald. It aims to offer superior Bitcoin exposure for investors and is seeking a public listing on the Nasdaq through a blank-check merger with Cantor Equity Partners.

Twenty One Capital aims to become the third-largest corporate Bitcoin holder with its 42,000 BTC launch, trailing only Strategy and MARA Holdings. The company plans to offer various Bitcoin-focused products and services, including debt and equity products, advisory services, lending platforms, and educational platforms to accelerate Bitcoin adoption.

The news of Twenty One Capital’s launch sparked a 54.2% price rally in Cantor Equity Partners shares, reaching $16.50 on April 23, with an additional 25.1% increase in after-hours trading. The venture strengthens Tether’s relationship with Cantor, which manages US Treasury reserves backing USDT, and further solidifies Cantor’s stake in the stablecoin issuer.

Twenty One Capital will be majority-owned by Tether and Bitfinex, with SoftBank holding a significant minority share in the company. The firm aims to promote Bitcoin adoption and literacy at both institutional and retail levels and plans to host Bitcoin conferences in partnership with industry players.

Read more at Cointelegraph: Strike’s Mallers to head firm seeking superior Bitcoin play to MSTR