A new player has entered the Bitcoin investment arena - Twenty One Capital, formed with the involvement of Cantor Fitzgerald, Tether, and SoftBank. The company aims to become a major corporate holder of Bitcoin.
Formation of Twenty One Capital and its Investments
Twenty One Capital will launch with a portfolio of over 42,000 Bitcoins, valued at approximately $3.6 billion based on current prices ranging from $85,000 to $94,000 per coin.
Ownership Structure and Project Leaders
The ownership structure gives majority control to Tether and its affiliated exchange Bitfinex while SoftBank holds a minority stake. Tether is contributing $1.6 billion in Bitcoin, Bitfinex adds $600 million, and SoftBank invests $900 million into the venture. Brandon Lutnick leads the involvement of Cantor Fitzgerald through its SPAC, Cantor Equity Partners.
Bitcoin Market and Company's Future
Twenty One Capital plans to raise an additional $585 million through convertible bonds and equity financing to expand its Bitcoin treasury. The company is also set to list publicly on Nasdaq under the ticker symbol "XXI." Expectations of crypto-friendly policies under U.S. President Donald Trump's administration contribute to the optimistic market sentiment.
The formation of Twenty One Capital highlights growing confidence among institutional investors in Bitcoin as a long-term asset, suggesting its resilience amidst economic uncertainties.
