Cantor Fitzgerald-backed Twenty One Capital has significantly increased its Bitcoin holdings, highlighting the accelerating race to amass the digital asset.
Increase in Bitcoin Holdings
According to Bloomberg, Twenty One Capital has added approximately 5,800 BTC from stablecoin issuer Tether, bringing its total holdings to over 43,500 BTC. This is 1,500 BTC more than the company initially projected.
Connections with Other Companies
In addition to ties with Cantor Fitzgerald, Twenty One Capital is also supported by crypto firms Tether and Bitfinex, along with venture capital giant SoftBank. Its planned merger with special purpose acquisition company (SPAC) Cantor Equity Partners will pave the way for Twenty One Capital to go public.
Rise of Bitcoin Accumulating Companies
Twenty One Capital is one of several firms accumulating Bitcoin in response to growing interest in the asset. Unlike other companies, such as Michael Saylor's Strategy, Twenty One Capital has not relied on debt to finance its purchases. Its holdings are rapidly approaching those of Bitcoin miner MARA Holdings, which has amassed 50,000 BTC.
The increase in Bitcoin holdings by Twenty One Capital and other firms indicates a rising trend toward accumulation of the digital asset, which may significantly influence the market in the future.
