Twenty One Capital Invests USD $ 458.7 million to add Bitcoin to its reservations

The investment made by Twenty One Capital It resulted in the purchase of about 4.812 BTC, This being a declaration of intentions regarding future acquisitions.

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• Twenty One Capital acquires 4.812 BTC After investment of USD $ 457.8 million
• The purchase was financed by subscription agreements linked to convertible notes.
  
• Already appears as the third largest fork Bitcoin between companies quoted in the US.

The new investment firm, Twenty One Capital, debuted on Tuesday with the purchase of 4,812 BTC valued at USD $ 458.7 million. This is its first stock market after a merger through a company with a special acquisition purpose (Spac), backed by heavyweights of the financial ecosystem and crypt like Cantor Fitzgerald, Tether, Bitfinex and Softbank.

The mechanism behind the initial purchase

According to a report published by The block, The transaction was revealed in a statement before the US stock commission and values. (Sec), which describes how the purchase was financed with gross income from subscription agreements linked to an offer of convertible notes/bonds.

Said lot of Bitcoin, called “Initial Pipe Bitcoin” (For its acronym in English: Private Investment in public equity), was transferred in the first instance to a wallet controlled by Tether, Stablecoin Issuer USDT

At the end of the business combination that gave rise to Twenty One Capital As a quoted entity, the final transfer of the BTC to the company for a total of USD $ 458.7 million. This operation marks the formal entry of the firm to the market with a clear and aggressive bet by Bitcoin as reserve assets.

Who is behind Twenty One Capital?

The company operates under the ticket CEP And he is in front of Jack Mallers, known for being the founder of the payment platform Strike, focused on the use of Bitcoin and Lightning Network.

With this new company, Mallers seeks to consolidate an institutional investment vehicle based on the model previously adopted by figures such as Michael Saylor with Strategy.

Twenty One Capital It was created from a fusion with Cantor Equity Partners, financial arm of Fitzgerald singer. According to the statement, the company already has BTC valued at more than USD $ 3.6 billion in their balance, which positions it as the third largest Bitcoin holder between public companies in the US Strategy and Digital Holdings Marathon.

Tether And his sister company, the Exchange Bitfinex, they have the majority participation in the firm, while SoftBank Figure as a minority inverter. The support of these entities not only provides capital, but also direct influence and connection with strategic sectors of the global crypto ecosystem.

The Twenty One Capital strategy responds to an increasingly seen trend: the institutional adoption of Bitcoin as strategic asset and value refuge. Companies like Tesla, Block and Coinbase They have been protagonists in recent years of this transition.

In this case, the participation of giants such as Tether and SoftBank It suggests a new level of financial sophistication. It is no longer just about investing in Bitcoin as a value reserve, but of structuring stock market vehicles that allow channeling institutional capital flows to the crypto ecosystem through mechanisms such as mechanisms such as Pipes and convertible notes.

The presence of Fitzgerald singer, one of the most traditional firms of Wall Street, Add an additional layer of legitimacy to the model.

What follows for CEP?

According to initial statements, the acquisition of 4,812 BTC It is only the first step of a broader accumulation strategy. Although future figures were not specified, everything indicates that Twenty One Capital will continue using private subscriptions and other instruments to increase your exposure to Bitcoin.

Mallers, although he did not offer public statements after the revelation of the Pipe, He has historically been a vehement defender of financial sovereignty through decentralized assets. Its trajectory suggests that the company will maintain a strongly aligned narrative with the development of business models based on Bitcoin.

In a market where institutional trust still oscillates, the emergence of CEP and their high profile support could consolidate a new stage in the relationship between Bitcoin and public markets.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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