Twenty One Capital, a newly formed Bitcoin investment firm, has significantly expanded its cryptocurrency holdings by acquiring an additional 4,812 BTC, bringing its total to over 42,000 BTC. This move positions the company as the third-largest corporate Bitcoin holder globally, following MicroStrategy and Block.one .
The acquisition was facilitated through a Special Purpose Acquisition Company (SPAC) merger with Cantor Equity Partners, led by Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick. The deal, valued at $3.6 billion, also involved substantial contributions from major crypto entities: Tether supplied $1.5 billion in Bitcoin, Bitfinex contributed 8,000 BTC, and SoftBank invested $891 million in equity .
Under the leadership of Jack Mallers, CEO of payments platform Strike, Twenty One Capital aims to emulate MicroStrategy's Bitcoin-centric model. The firm has introduced new performance metrics, including Bitcoin Per Share (BPS) and Bitcoin Return Rate (BRR), to measure shareholder returns .
The merger has had a significant impact on Cantor Equity Partners' stock performance, with shares surging up to 462% since the announcement . This reflects growing investor interest in Bitcoin-backed equity investments, especially as Bitcoin approaches the $100,000 mark.
Tether's involvement underscores its commitment to Bitcoin accumulation, aligning with its strategy to allocate up to 15% of its net realized operating profits toward purchasing Bitcoin . This acquisition further solidifies Tether's position as one of the largest private Bitcoin holders, with holdings exceeding 90,000 BTC .
The formation of Twenty One Capital marks a significant development in the institutional adoption of Bitcoin, highlighting the growing trend of corporations integrating cryptocurrency into their financial strategies.
