Jack Mallers, CEO of Strike, was announced as co-founder and CEO of Twenty One Capital, a new company that promises to transform the interaction between investors and the largest cryptocurrency in the world.
Jack Mallers Bitcoin (Image: Bitcoin Magazine)
The traditional financial market continues to be reshaped by the rise of Bitcoin, now with another movement: Jack Mallers, CEO of Strike, was announced as co-founder and CEO of Twenty One Capital, a new company that promises to transform the interaction between investors and the largest cryptocurrency in the world.
The company will go public using the strategic merger model and will be traded under the ticker $XXI, launching with an impressive reserve of 42,000 BTC.
Such volume positions Twenty One as the third largest corporate holder of Bitcoin on the planet, behind only giants like MicroStrategy.
Backed by Tether and SoftBank, Twenty One Capital's mission is to provide investors with direct exposure to Bitcoin, maximizing the ratio of Bitcoin per share.
Inspired by MicroStrategy's model, the company intends to accumulate Bitcoin and lead the integration of the cryptocurrency into traditional financial markets.
Mallers stated that the company's mission goes beyond competing with the current market: 'Our goal is to create a new market, grounded in Bitcoin as the greatest financial opportunity of our era.'
Meanwhile, Kraken, one of the largest cryptocurrency exchanges in the world, is acquiring NinjaTrader, a traditional trading platform widely used by professional traders.
NinjaTrader is known for its flexibility and customization capabilities, being an indispensable resource in futures markets, such as those operated by American proprietary trading firms.
The acquisition, initiated at the end of 2024 and expected to be completed by 2025, signals the consolidation of bridges between the world of Bitcoin and the conventional financial market.
These advances illustrate how Bitcoin is becoming an indispensable part of the global financial system. Previously skeptical institutions, such as JPMorgan Chase and Goldman Sachs, are now offering products related to the cryptocurrency.
Tether, co-founder of Twenty One, also reinforces its vision that Bitcoin is the foundation of a new financial system, emphasizing that the new company's priority will be strategic accumulation rather than speculation.
With Kraken expanding its influence through NinjaTrader and Twenty One Capital entering the market with one of the largest Bitcoin reserves in the world, it is clear that Bitcoin is not just a passing trend, but a central element in the evolution of the global economy.