Jack Mallers, Strike’s co-founder and CEO, has been appointed as co-founder and CEO Twenty One Capital, Inc.a new Bitcoin local company, is ready to be publicly disclosed through a SPAC merger with Cantor Equity Partners. The company plans to trade under stock $ xxi And will launch with the initial Treasury Ministry of Finance with more than 42,000 bitcoins, the world’s third largest company Bitcoin holder.
Supported by Tether and Softbank, Twenty One entered the market with a clear mission: maximizing Bitcoin ownership and providing direct exposure to investors through the publicly traded company structure. last night, Financial Times “The consortium is creating billions of dollars in Bitcoin acquisition tools that will absorb billions of dollars in cryptocurrencies from other partners and use that funds to replicate MicroStrategy’s success,” the report said.
“The market needs reliable funds to measure value and allocate capital efficiently,” Jack Mallers said. “We think Bitcoin is the answer, and twenty-one is the way we bring the answer to the public market. Our mission is simple: to be the most successful company in Bitcoin, which was the most valuable financial opportunity at the time. We are not here to beat the market, we are here to build a new public stock, a public stock built from Bitcoin, to benefit Bitcoin, to build for Bitcoin.”
Twes One will debut with $585 million in capital raised through pipeline financing and convertible notes and is dedicated to additional Bitcoin purchases and general operations. Tether, the co-founder of the joint venture, has promised to receive the equivalent of Bitcoin as a whole pipeline before closing.
“Bitcoin is one of the only truly decentralized, immutable and patient assets, and its role as the basis of the new financial system is inevitable,” said Paolo Ardoino, CEO of Tether. “With Jack’s helm, we are proud to support this effort to further adopt Bitcoin as the ultimate storage of value. At Tether, we have always believed in supporting initiatives that strengthen Bitcoin’s dominance and its real-world utility. Twenty of the most important generalizations of Bitcoin that will match our horizons to achieve more and more generalizations to achieve this goal, to achieve more and more promotions and constitute an increasingly important scope.
With its dual focus on financial products and Bitcoin-centric media, Two One aims to develop the microscope and has now rebranded its strategy to a broader platform for Bitcoin local innovation, providing public shareholders with new capital market tools, lending models and pro-bitcoin content.
