jackmallers

Stablecoin giant Tether has made a bold move in Bitcoin acquisition, purchasing 4,812.2 BTC worth $458.7 million for Twenty One Capital, a Bitcoin investment firm it backs. This major purchase was disclosed in a U.S. Securities and Exchange Commission (SEC) filing dated May 13, confirming that the Bitcoin was transferred to an escrow wallet on May 9 at an average price of $95,319 per BTC.
SPAC Merger in Progress with Cantor Equity Partners
The purchase comes as Twenty One Capital gears up for its SPAC merger with Cantor Equity Partners, after which the company will trade publicly under the ticker symbol XXI. Although no exact timeline for the merger’s completion has been provided, Twenty One CEO Jack Mallers confirmed that the regulatory approval process is underway.
Now the Third-Largest Corporate Bitcoin Holder
With this new acquisition, Twenty One Capital’s total Bitcoin holdings have surged to 36,312 BTC, according to BitcoinTreasuries.net. That puts the firm as the third-largest corporate holder of Bitcoin, behind only MicroStrategy and MARA Holdings, which hold 568,840 BTC and 48,237 BTC, respectively.
Tether and Bitfinex Drive the Expansion
Tether, already a major stakeholder in Twenty One Capital alongside crypto exchange Bitfinex, is playing a pivotal role in accelerating the firm’s Bitcoin accumulation strategy. Meanwhile, the merger is being financially supported and sponsored by Cantor Fitzgerald, a major Wall Street player, which has helped secure $585 million in funding.
SoftBank Bets Big with $900 Million Investment
Adding more weight to the growing institutional interest, Japanese investment conglomerate SoftBank has invested $900 million into Twenty One Capital, underscoring confidence in the firm’s long-term crypto strategy. The company is led by Strike CEO Jack Mallers, a well-known name in the Bitcoin and fintech world.
This significant investment and the alignment of global financial heavyweights suggest that institutional appetite for Bitcoin continues to deepen, even as market volatility remains a concern.
The post appeared first on CryptosNewss.com
#BitcoinNews #Tether #CryptoInvesting #SPAC #JackMallers

"You shouldn’t have to sell the best-performing asset in human history to access cash. Now you don't have to," founder Jack Mallers wrote.
Jack Mallers' bitcoin (BTC) payments app Strike is set to move into the BTC lending business.
Strike plans to offer users a means of borrowing fiat while continuing to HODL bitcoin, Mallers wrote in a post on X on Wednesday.
"You shouldn’t have to sell the best-performing asset in human history to access cash. Now you don't have to," he wrote.
Strike Lending will initially be available in select regions of the U.S. with plans for international expansion.
"If bitcoin continues to grow faster than your borrowing costs, your asset appreciates faster than your debt. In other words, the gains from holding bitcoin can more than offset the interest on your loan," Mallers said.
A number of bitcoin lenders were casualties of the crypto winter that kicked off in 2022. BlockFi, Celsius and Genesis all capitulated during that period.
The entry into this sector of cryptocurrency A-listers like Coinbase suggest bitcoin lending is prime for a resurgence after the rally that followed the election of U.S. President Donald Trump in November.
#Cryptocurrencies: #BTCpredictions #bitcoin #jackmallers #Strike
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Multiple Network is gearing up to launch its MultiPass verification node testnet by late April 2025, signaling a major advance in AI privacy computing for blockchain. This move reflects their deep focus on privacy enhancements and scalable AI-driven infrastructure.
Meanwhile, Cheelee (CHEEL) is preparing for a 2.67 million token unlock in May 2025, a major event that could impact its market liquidity. As of April 26, 2025, CHEEL is priced at $7.17, with a 19.02% surge over 24 hours, though it remains volatile in recent weeks.
Adding to the market buzz, Jack Mallers, CEO of both Strike and Twenty One Capital, addressed concerns over his dual roles, reassuring that both companies complement each other and strengthen Bitcoin’s financial ecosystem.
With testnet launches historically paving the way for bullish trends and token unlocks often introducing volatility, April and May 2025 are shaping up to be pivotal months for crypto traders.

#BlockchainPrivacy #AIBlockchain #Cheelee #JackMallers #CryptoNews
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