Wall Street gets orange-pilled: a new Bitcoin-only firm just dropped š®
Led by Strike founder Jack Mallers, known for helping El Salvador adopt Bitcoin as legal tender.
Backed by Tether, SoftBank, and Cantor Fitzgerald ā combining institutional capital with actual BTC reserves ā¤ļø
They launched with $3.6B in valuation and 42,000 BTC on the balance sheet. This makes Twenty One the third-largest corporate Bitcoin holder globally, right after MicroStrategy and Marathon.
šø The company raised $585M in additional funding to expand its Bitcoin position and build financial infrastructure. Its goal is not to report dollar earnings, but to maximize Bitcoin per share ā a new way to measure value.
The roadmap includes Bitcoin-native lending, equity products, and media built around BTC as the base layer š°
For me, it's hard to see this as anything but a long-term bullish signal. Serious players are positioning for a Bitcoin-centered future š