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Twenty One Capital Inc. Expands Bitcoin Holdings to 43,500 Tokens

Twenty One Capital is exploring a strategy to issue dollar loans backed by Bitcoin collateral, holding over 43,500 BTC valued at $5.13 billion.

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USDT

Summary

Twenty One Capital is pursuing a strategy to issue dollar loans backed by Bitcoin collateral, currently holding at least 43,500 BTC worth approximately $5.13 billion. The firm recently acquired around 5,800 BTC from Tether and aims to become one of the largest Bitcoin reserves globally. Supported by Cantor Fitzgerald, Tether, Bitfinex, and SoftBank, the company is advancing its merger with SPAC Cantor Equity Partners for an upcoming public listing, reflecting a shift from HODLing to lending and staking strategies among firms integrating digital assets.

Terms & Concepts
  • Bitcoin: A decentralized digital currency that enables peer-to-peer transactions without the need for intermediaries.
  • Tether: A stablecoin issuer known for creating Tether (USDT), a cryptocurrency pegged to traditional fiat currencies.
  • SPAC: A special purpose acquisition company, a type of investment vehicle that raises capital through an IPO to acquire an existing company.