Twenty One Capital is the latest Bitcoin investment startup, which has bagged around 4812 BTC for 458.7 million dollars. The acquisition is the first of what is promised to be many buy bids, making it one of the world’s top three largest BTC holders.
This enormous investment is also the first large Bitcoin purchase of Twenty One Capital since its inception. Its purchase was accomplished under a private investment in public equity (PIPE) deal. The purchase agreement was revealed in a securities filing.
The Bitcoin, known as “Initial PIPE Bitcoin,” was initially deposited into a Tether wallet. The Bitcoin was sold to Twenty One Capital for nearly $459 million following a business combination via a SPAC (special purpose acquisition company) merger.
With that purchase, Twenty One Capital jumps into the top three public companies that own Bitcoin — second only to giants like MicroStrategy and Marathon Digital.
Major investors power Twenty One Capital’s rise
Twenty One Capital is no ordinary startup. It is backed by a legion of investors, including Tether, the world’s most popular stablecoin provider, and SoftBank, one of the biggest technology investors globally. The company was created via a $3.6 billion merger with Cantor Equity Partners, a Cantor Fitzgerald affiliate, and a Spac.
The owners of Bitfinex and Tether, a sister company of Tether that manages a cryptocurrency exchange, own a significant percentage of the new company. The firm received funding from SoftBank. It’s much more than paper money; it’s the spirit, optimism, and dream driving Twenty One Capital forward.
The company is led by Jack Mallers, a prominent Bitcoin proponent who developed the Strike payments app. Mallers is a hard-core believer in Bitcoin as the future of finance — and he has set up Twenty One Capital to develop that future and have a respected voice within it.
The company started with approximately 42,000 BTC on its balance sheet — valued at around $4 billion. The company began with roughly 42,000 BTC on its balance sheet, valued at about $4 billion. This included 23,950 BTC from Tether, 10,500 BTC from SoftBank, and 7,000 BTC from Bitfinex. The amount of seed capital meant that the company was the third-largest in the world on day one to hold Bitcoin publicly.
Twenty One Capital shapes Bitcoin market vision
Twenty One Capital is buying Bitcoin, but not for the reasons many might assume—it’s not because of a long-term belief in the asset or a bet on institutional adoption. Instead, the firm aims to offer investors a more capital-efficient way to gain exposure to Bitcoin.
While MicroStrategy took on considerable debt to effect its BTC buys, Twenty One Capital aims to apply a mix of debt, equity, and advisory services to help the company build its holdings and assist clients.
The company will offer a suite of Bitcoin services and products. These include Bitcoin-collateralized loans, investment advisory services, and educational resources to enable people and institutions to become more familiar with and invest in Bitcoin.
Mallers emphasized that the company will continue to be “Bitcoin-native” and not be distracted by broader crypto manias or branch out into altcoins. This has led to a narrow focus that sets it apart from fellow players and validates Bitcoin maximalist principles.
The market has been unrestrained in its enthusiasm. Cantor Equity Partners (currently trading under the symbol “CEP” and the name Twenty One Capital) stock price has skyrocketed over 460.00% higher since 4/22/25.
With a mix of institutional heft, a strategy focused on Bitcoin exclusive, and robust leadership, Twenty One Capital is emerging as a force to reckon with in the digital assets industry. It can potentially remodel how corporations and investors interact with Bitcoin.
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