The newly founded company Twenty One marks a turning point in institutional Bitcoin adoption. Supported by Tether, SoftBank, and Cantor Equity Partners, the company will start with over 42,000 Bitcoin (currently about 3.9 billion USD at ~92,000 USD/BTC) and could rise to become the third-largest publicly traded Bitcoin holding after MicroStrategy and Tesla.
Key Aspects of the Deal
- Capital Structure:
- Tether contributes 1.5 billion USD in Bitcoin
- SoftBank invests 900 million USD
- Bitfinex (sister company of Tether) participates with 600 million USD
- Leadership Team: Strike CEO Jack Mallers will act as CEO while Brandon Lutnick (son of US Secretary of Commerce Howard Lutnick) leads the SPAC transaction through Cantor Equity Partners.
Strategic Importance for Investors
The company plans to develop Bitcoin-native financial products, advocacy work, and media content, in addition to holding Bitcoin. The involvement of traditional heavyweights like SoftBank and Cantor Fitzgerald underscores the shift towards a stronger integration of crypto and TradFi markets – particularly relevant in the German-speaking region where institutional investment vehicles for cryptocurrencies have thus far been limited.
Market Context
The deal comes amid a phase of political shifts: under the Trump administration, Bitcoin is increasingly gaining acceptance as an inflation-resistant reserve currency, which is reflected in the current price level of ~92,000 USD. Twenty One could serve as a catalyst for further corporate Bitcoin adoption, similar to MicroStrategy – especially through its planned IPO via SPAC (Cantor Equity Partners).
⚠️ Risk Warning: The transaction is still subject to final contract arrangements; moreover, the volatility of the Bitcoin price poses inherent risks for investors.