Key Takeaways
- Twenty One Capital added 4,812 BTC, now holding over 36,000 BTC.
- The firm is backed by Tether, Bitfinex, and SoftBank, and led by Jack Mallers.
- Its strategy is modeled after Michael Saylor's corporate Bitcoin accumulation playbook.
Twenty One Capital has vaulted into the spotlight after acquiring 4,812 Bitcoin, valued at $458.7 million, becoming the third-largest corporate holder of Bitcoin globally.
The firm now holds over 36,000 BTC.
Details of the purchase
The purchase, made by stablecoin issuer Tether on behalf of Twenty One Capital, was disclosed in a May 13 filing with the U.S. Securities and Exchange Commission.
The Bitcoin was acquired on May 9 at an average price of $95,319.
Company background & leadership
Twenty One Capital launched in April 2025 through a SPAC merger with Cantor Equity Partners, and is backed by Tether, Bitfinex, and Japanese investment powerhouse SoftBank.
The company is led by Jack Mallers, the founder of Bitcoin payments app Strike.
Mallers said:
We want to be the ultimate vehicle for the capital markets to participate in Bitcoin. We are a Bitcoin business at our core.
Initial holdings & future goals
At launch, the company held 31,500 BTC, contributed by Tether (23,950 BTC), SoftBank (10,500 BTC), and Bitfinex (7,000 BTC), with all contributions convertible to equity at $10 per share.
Mallers said the firm’s goal is to reach at least 42,000 BTC.
Strategic approach
Modeling its strategy on Michael Saylor’s approach, Twenty One Capital uses “bitcoin per share” as a core metric and intends to raise capital to continually expand its holdings.
Mallers emphasized:
We will never have bitcoin per share negative.
