The post Jack Mallers aims for Saylor’s crown with billion-dollar Bitcoin bet appeared on BitcoinEthereumNews.com.

At the Bitcoin 2025 conference in Las Vegas, Strike’s CEO, Jack Mallers, unveiled an ambitious strategy to rival Michael Saylor’s Bitcoin dominance. As the chief executive officer of one of the most talked-about ventures in digital assets — Twenty-One Capital Inc., Mallers aims to reshape corporate Bitcoin holdings and challenge Saylor’s firm, Strategy (formerly MicroStrategy), which currently holds over 580,000 BTC, valued at approximately $64 billion. Jack Mallers aims for Saylor’s crown with billion-dollar Bitcoin bet Twenty-One is supported by the investment bank Cantor Fitzgerald LP, stablecoin powerhouse Tether Holdings SA, and the Japanese investment firm SoftBank Group. The company is not simply following the ever-expanding list of businesses chasing after the opportunity to imitate Strategy, Michael Saylor’s software firm that has been transformed into a leveraged proxy for Bitcoin — it is trying to beat it.  Twenty-One Capital, backed by notable entities including Tether and Cantor Fitzgerald, recently disclosed a $458 million Bitcoin acquisition. The firm plans to publish its Bitcoin addresses to verify its reserves, emphasizing transparency in its operations. In contrast, Michael Saylor’s Strategy continues its aggressive Bitcoin accumulation, recently purchasing an additional 4,020 BTC, bringing its total holdings to over 580,000 BTC. Mallers envisions Twenty-One Capital acquiring up to 5% of Bitcoin’s total supply, approximately 1 million BTC, signaling a bold ambition to rival Saylor. Many people outside the crypto community have recognized Jack Mallers mostly for being emotional in 2021 when he announced that Bitcoin would become legal tender in El Salvador at the biggest conference in Miami.  How Mallers ended up as the leader of Twenty One may be as interesting as Mallers’s story about turning El Salvador’s President Nayib Bukele onto Bitcoin. Mallers narrates his journey to explore Bitcoin  Mallers explained that his path to Twenty-One went through Tether Holdings SA CEO Paolo Ardoino,…

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Filed under: News - @ May 30, 2025 12:21 am