$BTC According to the securities documents submitted on Tuesday, the newly launched investment instrument Twenty One Capital, initiated by Jacek Mallers, acquired 4,812 Bitcoin tokens worth $458.7 million.
The company was created under a SPAC, supported by Tether, Cantor Fitzgerald, and SoftBank, announcing a new phase of corporate Bitcoin accumulation.
This purchase marks the company's first major acquisition of Bitcoin since its inception at the end of April. It signals the beginning of an aggressive BTC accumulation strategy modeled after Michael Saylor's strategy.
The Bitcoin allocation, labeled as "Initial PIPE Bitcoin," was originally acquired by the USDT issuer Tether. The issuer of the stablecoin and majority shareholder of Twenty One Capital structured the transaction as part of a private investment in public equity (PIPE) transaction using gross proceeds from convertible bonds.
After the merger of businesses, resulting in the creation of a public company, Tether transferred BTC to Twenty One Capital for $458.7 million.
The company, listed under the symbol CEP, currently holds a staggering $4.05 billion in Bitcoin. This makes it the third-largest corporate holder after Strategy and Marathon Digital. During its formation, they fueled its treasury with $3.6 billion in BTC through a SPAC merger with Cantor Equity Partners.
