A challenger to Michael Saylor’s Bitcoin Strategy is emerging!
Twenty One Capital, a new Bitcoin treasury company led by Jack Mallers, the founder of Strike, and backed by Tether, SoftBank, and Cantor Fitzgerald, is aiming to replace Michael Saylor’s strategy and become "a superior vehicle for investors seeking capital-efficient exposure to Bitcoin."
Twenty One announced that it plans to launch with 42,000 Bitcoins (worth approximately $3.9 billion), including around 23,950 BTC from Tether, 10,500 BTC from SoftBank, and 7,000 BTC from Bitfinex.
Launching with 42,000 Bitcoins would make Twenty One the third-largest corporate holder of Bitcoin in the world, behind Strategy and Bitcoin mining firm MARA Holdings, which currently holds 47,600 BTC, according to data from BitcoinTreasuries.NET.
However, Twenty One isn’t stopping at just accumulating Bitcoin. The company also plans to develop a range of Bitcoin-related products, including Bitcoin-based debt and equity instruments, advisory services, a lending platform, and an educational platform.
