The joint venture company will be supported by a fund worth 1.6 billion USD from Tether, 600 million USD from Bitfinex, and 900 million USD from SoftBank, while an additional fund of 550 million USD will be raised through convertible bonds and private equity.

The CEO of Twenty One Capital, Jack Mallers, emphasized that his goal is not only to beat the market but also to build a new Bitcoin ecosystem.