Twenty One Capital, the Bitcoin treasury firm founded by Strike CEO Jack Mallers and backed by Tether and SoftBank, has successfully raised an additional $100 million through the sale of convertible notes, bringing its total funding to $685 million.
This latest funding comes from investors and sponsors who also participated in the April round. With this addition, total convertible note sales reach $485 million, alongside a $200 million private equity (PIPE) investment.
All funds will be used to expand the company’s Bitcoin holdings, adding to the $458 million in Bitcoin purchased earlier this month, as well as $3.6 billion in assets brought onto the balance sheet via a merger with Cantor Equity Partners.
Twenty One Capital employs a transparent strategy by measuring corporate exposure through a Bitcoin per share metric—similar to Michael Saylor’s MicroStrategy approach. The new convertible notes offer a 1% yield and mature in 2030.
This bold move solidifies Twenty One Capital’s position as a major player in the global Bitcoin treasury ecosystem, supported by an innovative funding structure and high transparency.
Is Twenty One Capital positioning itself as the next MicroStrategy in the Bitcoin treasury game?
How will this $685 million raise influence institutional adoption and the broader Bitcoin market?
Could this move signal a new era of aggressive Bitcoin accumulation by corporations worldwide
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