Twenty One Capital – an investment company backed by Tether – has just raised an additional 100 million USD through a convertible bond issuance, bringing the total amount raised to 685 million USD, all of which is used to purchase Bitcoin.


Systematic and aggressive BTC accumulation strategy


The new bond, maturing in 2030 with an interest rate of 1% per year, is part of Twenty One's flexible financial strategy to increase exposure to Bitcoin while ensuring shareholder rights. Previously, the company successfully raised 585 million USD including:


  • 385 million USD from convertible bonds,



  • 200 million USD from private equity investment (PIPE).




All of this money is used for large-scale accumulation, notably the purchase of 458 million USD in Bitcoin on May 14. Currently, the company holds up to 31,500 BTC, making them the third largest public company holding Bitcoin in the world, just behind MicroStrategy and MARA.


Strong financial backing


The strategy of #TwentyOne is supported by big names:



  • Tether: 1.5 billion USD



  • SoftBank: 900 million USD



  • Bitfinex: 600 million USD



  • Cantor Fitzgerald: funding and advising on raising 585 million USD




Unlike traditional ETF funds, Twenty One uses a 'Bitcoin per share' model, where each share represents a specific amount of BTC. This model allows investors to gain indirect exposure to Bitcoin without the need for self-custody – a significant legal and technical advantage.


Who is the 'person behind'?


The leader of this strategy is Jack Mallers – the founder of Strike, known for his role in making Bitcoin legal tender in El Salvador. With the philosophy of using BTC as a core asset on the balance sheet, Mallers is shaping Twenty One to become a new symbol of the 'Bitcoinization of business' movement.


Bitcoin is increasingly favored as a reserve asset


Not only Twenty One Capital, many other large companies are also following a similar direction:



  • K33 – a digital asset company – has just raised 5.5 million USD to accumulate BTC on its balance sheet.



  • GameStop – the famous game retailer – has also purchased 4,710 BTC (~512.5 million USD) to use as reserve assets in its financial restructuring plan.





Contact with the crypto market:

The fact that Twenty One and large organizations are collectively 'holding' Bitcoin shows an increasing belief in BTC as a strategic asset. For investors on Binance, this could be a positive signal for the long-term trend of the market, especially as more and more publicly traded companies use BTC as their primary reserve asset.



Risk warning: The cryptocurrency market always carries high risks. The information in the article is not investment advice. Always consider carefully before making financial decisions. #anhbacong