Twenty One Capital, Inc. announced at the moment it’ll obtain 5,800 extra Bitcoin from Tether on the closing of its enterprise mixture with Cantor Fairness Companions (Nasdaq: CEP), pushing its whole Bitcoin holdings to over 43,500 BTC. This acquisition positions Twenty One because the third largest company Bitcoin treasury globally.
The corporate says it acquired its Bitcoin at a blended common price of $87,280.37 per BTC. As soon as listed, every share of Twenty One will characterize round 12,559 sats and commerce beneath the ticker XXI. A brand new metric, Bitcoin Per Share (BPS), will change conventional EPS to let buyers observe efficiency in Bitcoin phrases.
“We consider Bitcoin deserves a public firm worthy of its ethos,” stated Twenty One Capital co-founder and CEO Jack Mallers. “With the companions, capital, workforce, and construction we’ve assembled, we really feel like we will do something, and we’re simply getting began. Twenty One is a brand new form of public firm: constructed on Bitcoin, backed with proof, and pushed by a imaginative and prescient to reshape the worldwide monetary system. We’re not right here to beat the present system, we’re right here to construct a brand new one.”
The entire firm’s Bitcoin will probably be held transparently on-chain, with actual time Proof of Reserves accessible here. Twenty One goals to offer buyers Bitcoin publicity with out legacy monetary liabilities.
“Bitcoin represents greater than only a monetary asset, it’s a foundational protocol for freedom, transparency, and resilience,” said the CEO of Tether Paolo Ardoino. “Twenty One captures that ethos in company kind. By anchoring its mannequin totally to Bitcoin, it breaks from legacy monetary conventions and factors towards a future the place worth is actually sovereign. That is the form of imaginative and prescient we’re proud to assist.”
Tether and Bitfinex will maintain a majority stake in Twenty One, with SoftBank as a major minority investor. The remaining possession will probably be shared amongst PIPE buyers, public shareholders of CEP, and Cantor Fitzgerald.