BlockBeats news, on July 30, according to a report by Bloomberg on Wednesday citing informed sources, Twenty One Capital is exploring a strategy to issue dollar loans backed by Bitcoin. Twenty One Capital is supported by Cantor Fitzgerald, and its Bitcoin holdings have expanded to at least 43,500 BTC, about 1,500 more than originally expected.
The company recently acquired approximately 5,800 Bitcoins from stablecoin issuer Tether, which is valued at around $5.13 billion at current prices. The company was established in April this year, aiming to build one of the largest Bitcoin reserves globally, with backers including Tether, Bitfinex, and SoftBank. Its merger plans with SPAC Cantor Equity Partners are progressing, and it is expected to go public soon.
As digital assets are increasingly incorporated into corporate balance sheets, publicly traded companies and funds are gradually moving away from the old model of purely 'holding long (HODL)'. Many institutions are now choosing to lend out Bitcoin, stake Ethereum, or sell options to generate returns from 'sleeping assets'. Bitcoin mining companies such as MARA Holdings and CleanSpark are leading the way in trialing these strategies—using crypto options and derivatives to boost revenue instead of passively holding assets. CleanSpark also plans to explore more complex derivative instruments to profit from market fluctuations.
