Today, April 24, 2025, a significant event occurred in the Bitcoin market. A new Bitcoin treasury company called TwentyOne Capital launched, which began operations with 42,000 Bitcoins (BTC). This amount of Bitcoin has a current market value of approximately $3.9 billion, which establishes the company as the third largest corporate Bitcoin holder in the world, behind only Strategy (formerly MicroStrategy) and Mara Holdings.
Twenty One Capital: Background and Investment
TwentyOne Capital was founded with the backing of Cantor Fitzgerald and is backed by powerful investors such as Tether, SoftBank, and Bitfinex. The company has raised $585 million in funding. Tether and Bitfinex’s combined stakes ensure a majority (64%) and voting power in the company, with SoftBank as a minority shareholder. The company is led by Strike founder Jack Mallers, a well-known figure in the Bitcoin ecosystem.
Twenty One Capital will not be limited to just collecting Bitcoin. They plan to create Bitcoin-based debt/equity products, lending services, and educational resources. They also aim to increase Bitcoin adoption and awareness at institutional and retail levels by organizing Bitcoin conferences in collaboration with industry partners.
Impact on Institutional Demand
This launch by TwentyOne Capital could play a significant role in increasing institutional demand in the Bitcoin market. Bitcoin is currently trading at 92,292.23 USDT, down 1.56% in the last 24 hours. However, such a large-scale institutional entry could have a positive impact on the price.
Already, companies like Strategy have adopted Bitcoin as their primary reserve asset, and TwentyOne Capital is also following suit. “Bitcoin is a truly decentralized, immutable, and censorship-resistant asset, and it will serve as the foundation for a new financial system,” said Tether CEO Paolo Ardoino. Such support is boosting confidence in Bitcoin.
Market Dynamics and Competition
TwentyOne Capital has launched to compete directly with Strategy. Strategy is currently the world’s largest corporate Bitcoin holder, having been aggressively buying Bitcoin since 2020. TwentyOne Capital’s launch had a significant impact on Cantor Equity Partners’ share price, with the share price rising 54.2% to $16.50.
In addition, other dynamics are being observed in the Bitcoin market during this launch. For example, Bitcoin rose above $93,500 yesterday due to a slight decrease in US-China trade tensions, but the price has fallen slightly today. Amid such volatility, the entry of TwentyOne Capital could bring stability to the market, as institutional investors generally focus on long-term holdings.
Advice for traders
The BTC/USDT pair is currently trading on Binance, and the price is at 92,292.23 USDT. The price could show a rebound after this launch by Twenty One Capital, especially if institutional demand increases further. However, bearish signals (such as MACD and order book) are still present in the market, so traders should remain cautious.
- Buying opportunity: If the price falls to the support level near 90,000, it could be a buying opportunity.
- Selling plan: If the price breaks below 91,000, there is a risk of further decline, and in that case selling may be considered.
- Hold: The long-term trend is still bullish, and institutional support could push Bitcoin's price to $95,000 or higher in the future.
Conclusion
The launch of TwentyOne Capital marks a new chapter in the Bitcoin market. The company’s launch of 42,000 Bitcoins and the support of institutional investors will increase confidence in Bitcoin and increase its acceptance in the long term. Traders on Binance can take advantage of this opportunity, but it is important to keep an eye on market volatility and technical signals.
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