{"id":3081,"date":"2025-04-23T15:16:08","date_gmt":"2025-04-23T15:16:08","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/04\/23\/jack-mallers-named-ceo-of-new-bitcoin-powerhouse-twenty-one-capital-plans-to-launch-with-42000-btc\/"},"modified":"2025-04-23T15:16:08","modified_gmt":"2025-04-23T15:16:08","slug":"jack-mallers-named-ceo-of-new-bitcoin-powerhouse-twenty-one-capital-plans-to-launch-with-42000-btc","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/04\/23\/jack-mallers-named-ceo-of-new-bitcoin-powerhouse-twenty-one-capital-plans-to-launch-with-42000-btc\/","title":{"rendered":"Jack Mallers Named CEO of New Bitcoin Powerhouse Twenty One Capital, Plans to Launch With 42,000 BTC"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Jack Mallers Named CEO of New Bitcoin Powerhouse Twenty One Capital, Plans to Launch With 42,000 BTC<\/a><\/p>\n

<\/div>\n

Jack Mallers, co-founder and CEO of Strike, has been named<\/a> co-founder and CEO of Twenty One Capital, Inc.<\/em>, a new Bitcoin-native firm preparing to go public via a SPAC merger with Cantor Equity Partners. The company plans to trade under the ticker $XXI<\/em> and will launch with an initial treasury of more than 42,000 Bitcoin\u2014making it the third-largest corporate Bitcoin holder in the world.<\/p>\n

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Twenty One plans to trade under $XXI<\/a> and plans to start with a Bitcoin Treasury of 42,000 BTC \u2013 It compares itself directly with Strategy pic.twitter.com\/0Wd6ebTbrI<\/a><\/p>\n

\u2014 NLNico (@btcNLNico) April 23, 2025<\/a>\n<\/p><\/div>\n

Backed by Tether and SoftBank, Twenty One enters the market with a clear mission: to maximize Bitcoin<\/a> ownership per share and offer investors direct exposure to Bitcoin via a public company structure. Last night, the Financial Times<\/em> reported<\/a> that \u201cThe consortium is creating a multibillion-dollar bitcoin acquisition vehicle that will absorb billions in cryptocurrency from the other partners and use the funds in an attempt to replicate the success of MicroStrategy.\u201d<\/p>\n

\u201cMarkets need reliable money to measure value and allocate capital efficiently,\u201d said Jack Mallers. \u201cWe believe that Bitcoin is the answer, and Twenty One is how we bring that answer to public markets. Our mission is simple: to become the most successful company in Bitcoin, the most valuable financial opportunity of our time. We\u2019re not here to beat the market, we\u2019re here to build a new one. A public stock, built by Bitcoiners, for Bitcoiners.\u201d<\/p>\n

Twenty One will debut with $585 million in capital raised through PIPE financing and convertible notes, with funds earmarked for additional Bitcoin purchases and general operations. Tether, a co-founder of the venture, has committed to acquiring Bitcoin equivalent to the full PIPE raise ahead of closing.<\/p>\n

\u201cBitcoin is one of the only truly decentralized, immutable, and censorship-resistant asset, and its role as the foundation of a new financial system is inevitable,\u201d said Paolo Ardoino, CEO of Tether. \u201cWith Jack at the helm, we are proud to support this effort to further Bitcoin\u2019s adoption and reinforce its role as the ultimate store of value. At Tether, we have always believed in supporting initiatives that strengthen Bitcoin\u2019s dominance and real-world utility. Twenty One will take a Bitcoin-first approach that aligns with our vision\u2014prioritizing accumulation over speculation and building long-term value for those who understand what Bitcoin represents.\u201d<\/p>\n

With its dual focus on financial products and Bitcoin-centered media, Twenty One aims to evolve the MicroStrategy<\/a>, now rebranded<\/a> to Strategy, model into a broader platform for Bitcoin-native innovation, offering new capital market instruments, lending models, and pro-Bitcoin content for public shareholders.<\/p>\n

This post Jack Mallers Named CEO of New Bitcoin Powerhouse Twenty One Capital, Plans to Launch With 42,000 BTC<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Nik<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Jack Mallers Named CEO of New Bitcoin Powerhouse Twenty One Capital, Plans to Launch With 42,000 BTC Jack Mallers, co-founder and CEO of Strike, has been named co-founder and CEO of Twenty One Capital, Inc., a new Bitcoin-native firm preparing to go public via a SPAC merger with Cantor Equity Partners. The company […]<\/p>\n","protected":false},"author":0,"featured_media":3082,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3081","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3081"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3082"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}