$BTC Bitcoin Investment Company Heats Up Competition: To Invest Another $100 Million!

Bitcoin (BTC) investment company Twenty One Capital (CEP), led by Jack Mallers, is increasing its capital to a total of $685 million with the support of Tether and SoftBank, growing its Bitcoin reserve.

Twenty One Capital, founded by Jack Mallers, one of the leading entrepreneurs in the cryptocurrency market, announced in an updated form submitted to the US Securities and Exchange Commission (SEC) on Thursday that it has secured $100 million in new funding. The company obtained these funds through convertible bonds and increased the total capital it raised to $685 million.

The company aims to further increase its Bitcoin reserves with the new funding. Twenty One Capital, which purchased $458 million worth of Bitcoin earlier this month, had $3.6 billion worth of Bitcoin added to its balance sheet thanks to the SPAC merger. The company, which became a publicly traded company by merging with Nasdaq-listed Cantor Equity Partners, is currently the third largest publicly traded company with Bitcoin reserves in the world.

Twenty One Capital started its operations with a huge balance sheet, receiving $1.5 billion from Tether, $900 million from SoftBank and $600 million worth of Bitcoin support from Bitfinex when it was first established.

Mallers' company offers investors an alternative Bitcoin exposure with the 'Bitcoin per share' metric, adopting a MicroStrategy-like approach. The company's new bonds will mature in 2030 with an interest rate of 1%.

While the number of publicly traded companies investing in Bitcoin has been increasing rapidly recently, the Trump family is also preparing to invest in Bitcoin by raising approximately $2.5 billion through Trump Media and Technology