According to Foresight News, Bloomberg reports that Twenty One Capital, a newly established digital asset joint venture involving SoftBank, Tether, and Cantor, is poised to become a formidable competitor in the market. Strahinja Savic, Head of Data and Analytics at FRNT Financial, highlighted the initial strength and backing of Twenty One Capital, noting its unique approach of utilizing capital markets available to public companies for acquiring Bitcoin.
Michael Saylor, founder of Strategy, commented that the emergence of new competitors validates his long-standing mission to persuade boards across the United States to maximize digital assets on their balance sheets. The number of companies following Saylor's lead is rapidly increasing, with at least 30 publicly listed U.S. companies currently purchasing Bitcoin.
Bernstein analysts predict that by 2030, corporate investments could channel $330 billion into Bitcoin, reflecting a significant shift in how companies manage their financial assets.
