700 million dollars worth of Bitcoin support to Twenty One Capital

The company Twenty One Capital, founded under the leadership of Jack Mallers and backed by technology giants such as Tether, Bitfinex, and Softbank, is now nearing the end of its IPO process. Before the IPO process, which is expected to take place in April but has been delayed, Tether announced that it would provide the firm with the 5800 Bitcoin it had previously committed to.

Great support from Cantor and Tether

As is known, Twenty One Capital will merge with the special purpose acquisition company CEP backed by Cantor Fitzgerald and will then be listed on the Nasdaq stock exchange. Cantor Fitzgerald is a financial services company led for many years by U.S. Secretary of Commerce Howard Lutnick and has close ties with Tether. Once the merger process is completed, the largest shareholders of the company will be Tether, Bitfinex, and SoftBank.

It will be the 3rd largest institutional company

Twent One Capital, which was established during a period when the Donald Trump administration provided significant support to cryptocurrencies, especially Bitcoin, will become the 3rd corporate company with the most BTC, with 5800 Bitcoins coming from Tether. The company will have more than 43,500 Bitcoins.

New metric: Bitcoin per share...

Twenty One Capital will introduce a new performance metric called "Bitcoin Per Share (BPS)", which means "Bitcoin per share", in order to provide transparency to its investors. This metric will show how much Bitcoin the company holds per each of its shares.

Published: July 29, 2025 17:17Last Updated: July 29, 2025 17:23

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