Led by Strike founder Jack Mallers, it was set to start with roughly 42,000 BTC, which would have made it the third-largest corporate holder, and to raise $585 million in convertible notes and equity to buy more. It was among the largest of a 2025 wave of companies formed or repurposed to hold bitcoin on their balance sheets.
All events
Twenty One Capital launches with 42,000 BTC
Tether, Bitfinex and SoftBank backed a new bitcoin-treasury company set to go public through a Cantor Fitzgerald SPAC.
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IN THE SHOWMoney Becomes Real