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Twenty One Capital Secures Additional 5,800 BTC Ahead of Nasdaq Debut

Through its SPAC merger with Cantor Equity Partners, Twenty One will use on-chain proof of reserves to give investors continuous visibility into its Bitcoin holdings.

Tether backed Twenty One adds 5,800 BTC ahead of planned listing
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Tether-backed Twenty One to add 5,800 more Bitcoin ahead of its public listing
Twenty one boosting bitcoin holdings; ceo jack mallers sees $150k btc incoming

Overview

  • The 5,800 BTC transfer from Tether raises the firm’s treasury to over 43,500 BTC, making it the third-largest corporate Bitcoin holder globally.
  • Twenty One has filed a confidential draft registration on Form S-4 and, pending Cantor Equity Partners shareholder approval, will trade under the ticker XXI.
  • Majority ownership will rest with Tether and Bitfinex while SoftBank, PIPE investors, CEP public shareholders and Cantor Fitzgerald hold the remaining equity.
  • All Bitcoin will be custodied on-chain with real-time Proof of Reserves accessible to investors via xxi.mempool.space.
  • The company will introduce a Bitcoin Per Share metric to let shareholders track performance directly in Bitcoin terms.