Tether, SoftBank and Jack Mallers present a new company with 42,000 BTC in the Treasury

By Hannah Pérez

Twenty One: The new Bitcoin -centered company owned by Tether and Softbank, which will be launched with more than USD $ 3.8 billion BTC in the treasury. Jack Mallers is co -founder and will be his CEO.

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• Twenty One: The new Bitcoin -centered company owned by Tether and Softbank.
• It will be launched with more than USD $ 3.8 billion of bitcoins in the Treasury.
• In addition to accumulating BTC, the firm will offer native products and services of the cryptocurrency.
• Jack Mallers is co -founder and will be his CEO.

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A new company is opening place in the dynamic sphere of cryptocurrency, with the support of giants of the traditional finance industry and renowned actors of the digital asset ecosystem.

Tether and SoftBank Group They presented this Wednesday Twenty Onea new company focused on Bitcoin (BTC) that is expected to be launched with a 42,000 BTC reserve in the Treasury, under the direction of the enthusiast Jack Mallers.

In a press release, the newly formed Twenty One indicated the signing of a final agreement for a business combination with Cantor Equity Partners, INC., A company for the acquisition of special purposes (SPAC) that lies in Nasdaq and is affiliated with the renowned firm of financial services Fitzgerald singer.

The new company will be the majority property of Tetherthe issuer behind the biggest Stablecoin of the world, USDT, and the exchange Bitfinexwith an important minority property of SoftBankdetails the statement.

“Bitcoin is one of the only truly decentralized, immutable and censorship active assets, and its role as the basis of a new financial system is inevitable“, Said Paolo Ardoino, CEO of Tether.

Twenty One is thrown with Bitcoin in the Treasury

Prior to its official launch, Twenty One Plan to raise USD $ 585 million of capital through the sale of convertible senior guaranteed tickets and a common capital financing financing, with revenues being used to compare Bitcoin.

“Twenty One hopes to launch with more than 42,000 bitcoin, which would make it the third largest Bitcoin Treasury in the world as of today“, Adds the statement. The amount of Bitcoins It is valued at USD $ 3.8 billion at the time of edition.

This approach replicates the business treasury strategy such as Strategy from Michael Saylor, pioneer in investment in Bitcoinwhile reflecting the growing trend of companies to adopt Bitcoin as its main reserve asset. Strategy is the public corporate head of Bitcoin larger with more than 530,000 BTC in its coffers.

Focused on Bitcoin, with Jack Mallers de CEO

In addition to accumulating Bitcoinsthe company will promote a business focused on native products and services Bitcoin.

According to the statement, Twenty One plan to develop a corporate architecture capable of supporting financial products built with and over Bitcoin. This includes models of native loans, market instruments and future innovations that seek to replace the financial infrastructure inherited with the help of Bitcoin.

It will also produce original content focused on the distinguished cryptocurrency with the aim of making it more publicly visible. “Twenty One will adopt a first bitcoin approach that is aligned with our vision – prioritizing accumulation on speculation and building long -term value for those who understand what Bitcoin represents“, Said Ardoino.

The company will be directed by Jack Mallers, a high profile figure in the cryptocurrency industry, known for promoting the adoption of Bitcoin between institutions, corporations and governments around the world.

“Our mission is simple: become the most successful company in Bitcoin, the most valuable financial opportunity of our time ”, said about the launch Mallers, CEO and co -founder of Twenty One. “We are not here to overcome the market, we are here to build a new one. A public stock, built by Bitcoiners, for Bitcoiners“

“With Jack alomón, we are proud to support this effort to promote the adoption of Bitcoin and strengthen his role as the last value reserve ”the CEO of Tether.

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Hannah Estefanía Pérez / Diariobitcoin

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