• Jack Mallers launches 'Twenty One' to go public with over 42,000 bitcoins.

The renowned co-founder and CEO of Strike, Jack Mallers, has taken a bold step in the world of cryptocurrencies by leading the creation of Twenty One Capital, Inc., a Bitcoin-native company aiming to revolutionize the financial market. This new company is preparing to go public through a SPAC merger with Cantor Equity Partners, a strategic move that underscores the growing institutional adoption of Bitcoin as a key financial asset.

Twenty One Capital will debut with an impressive treasury of over 42,000 bitcoins, positioning itself as the third largest corporate Bitcoin reserve in the world, just behind giants like MicroStrategy and Tesla. This Bitcoin-centric approach reflects Mallers' vision of building a company specifically designed to maximize Bitcoin ownership per share, offering investors direct exposure to the world's most valuable digital asset.

The company is backed by major industry players, such as Tether and SoftBank, who have committed significant resources to ensure the success of this project. Additionally, Twenty One Capital has raised $585 million through PIPE financing and convertible notes, funds that will be allocated for the further purchase of Bitcoin and general operations. This strategic approach aims to establish Twenty One as a leader in Bitcoin accumulation and long-term value creation for its shareholders.

Mallers has emphasized that the goal of Twenty One is not merely to compete in the market but to create a new one, based on the principles of decentralization and censorship resistance that define Bitcoin. The company also plans to introduce innovative metrics, such as Bitcoin per share (BPS) and Bitcoin return rate (BRR), to measure its performance in terms of Bitcoin accumulation, rather than traditional fiat-based metrics.