The post Twenty One Capital Purchases $458 Million Worth of Bitcoin appeared on BitcoinEthereumNews.com.

According to a securities filing on Tuesday, Jack Mallers’ newly launched investment vehicle, Twenty One Capital, has acquired 4,812 Bitcoin tokens worth $458.7 million. Backed by Tether, Cantor Fitzgerald, and SoftBank, the SPAC-born firm signals a new phase of corporate Bitcoin accumulation Twenty One Capital Buys 4,812 Bitcoin Worth $458.7 Million The purchase marks the firm’s first major Bitcoin acquisition since its formation in late April. It signals the start of an aggressive BTC accumulation strategy modeled after Michael Saylor’s Strategy. The Bitcoin allocation, labeled “Initial PIPE Bitcoin,” was initially acquired by USDT issuer Tether. The stablecoin issuer and majority shareholder of Twenty One Capital. They structured the deal as part of a private investment in public equity (PIPE) transaction using gross proceeds from convertible notes. Following the business combination that created the publicly traded entity, Tether transferred the BTC to Twenty One Capital for $458.7 million. The company, trading under the ticker CEP, now holds a staggering $4.05 billion in Bitcoin. This makes it the third-largest corporate holder after Strategy and Marathon Digital. During its formation, they seeded its treasury with $3.6 billion in BTC via a SPAC merger with Cantor Equity Partners. Led by Jack Mallers, founder of the Bitcoin payments app Strike, the firm is mainly owned by Tether and Bitfinex. SoftBank holds a minority stake. The deal reflects a growing movement among corporations to adopt a Bitcoin-native balance sheet. They use it as a hedge against fiat debasement and centralized risk. Bitcoin pioneer Max Keiser coined this strategy as “Saylorization.”  He named it after Michael Saylor, whose MicroStrategy (now Strategy) has pioneered corporate Bitcoin buys since 2020. “Twenty One Capital isn’t just stacking sats — it’s leading a generational shift in corporate capital allocation…Jack Mallers is taking the Saylor playbook and turning it into an arms race…For corporations…

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Filed under: News - @ May 14, 2025 7:22 am