A digital asset
investment fund
Viska is an alternative investment fund based in Iceland that invests in digital assets.
Viska is an alternative investment fund based in Iceland that invests in digital assets.
Cantor Fitzgerald, Tether, and SoftBank have announced the creation of Twenty One Capital, a bitcoin-native company formed through a business combination with Cantor Equity Partners.
The Lutnick Family leads Cantor Fitzgerald, which has structured and sponsored the launch of Twenty One Capital.
The new company launches with a treasury of 42,000 bitcoin, worth approximately $3.9 billion at current prices, immediately making it one of the largest institutional holders of bitcoin worldwide. With this move, the group aims to set a new standard for large-scale, institutionally-backed bitcoin accumulation.
We made an article last year that explains in detail how publicly traded companies are reshaping Bitcoin’s role in finance. Read further here
Twenty One will be majority-owned by Tether and Bitfinex, with SoftBank holding a significant minority stake. Jack Mallers, known for his work advancing bitcoin adoption as the founder of Strike, will serve as CEO. The company is launching with over 42,000 bitcoin on its balance sheet, making it one of the largest bitcoin treasuries globally at inception.
Image of Jack Mallers, known for his outspoken support of Bitcoin adoption and for helping facilitate El Salvador’s move to make Bitcoin legal tender.
Institutional-Grade Services and Offerings
The focus of Twenty One will be to provide a range of institutional-grade products and services for bitcoin. These include:
The company also intends to expand into bitcoin-native financial products, such as native lending models and capital market instruments, along with providing pro-bitcoin advocacy and bitcoin-focused media and content.
Jack Mallers, as CEO, brings experience in advancing bitcoin adoption globally. His stated mission for Twenty One is: “to become the most successful company in Bitcoin, the most valuable financial opportunity of our time. We’re not here to beat the market; we’re here to build a new one. A public stock, built by Bitcoiners, for Bitcoiners.”
In a recent interview, Jack speaks on the goals of the company and explains some new metrics such as ´´Bitcoin Per Share (BPS)´´ and ´´Bitcoin Return Rate (BRR)´´.
Paolo Ardoino, CEO of Tether, has emphasized Bitcoin’s role as the foundation of a new financial system, and Brandon Lutnick, CEO of Cantor Equity Partners, notes the collaboration is designed to capture value from Bitcoin’s growing global demand and institutional adoption.
Initially, Twenty One will focus on building secure, regulatory-compliant infrastructure tailored for institutions and high-net-worth clients. Future plans may include expanding its suite of financial services, exploring new product types, and furthering Bitcoin education and advocacy.
Key challenges ahead include navigating evolving regulatory requirements, ensuring robust security for digital asset custody, and building trust with clients as a new entrant in the “bitcoin treasury” space.
According to a recent Q1 report by Bitwise, corporate Bitcoin holdings have reached record highs. This explains why we are now seeing the introduction of a company such as Twenty One (likely with many more to follow suite).
As Twenty One moves forward, its progress will be closely watched by both the financial industry and the broader crypto community.
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