According to Mars Finance, Jack Mallers, the founder of the Bitcoin Lighting Network company Strike, announced the establishment of a new publicly listed company called Twenty One, which has the sole purpose of “maximizing Bitcoin holdings.” Currently, its balance sheet holds 42,000 Bitcoins (approximately $4 billion).
Core Information:
Luxury capital endorsement: Supported by stablecoin issuer Tether, SoftBank Group (Softbank), and Wall Street investment bank Cantor Fitzgerald.
Extreme strategic focus: The company’s articles of association clearly state that it will solely focus on Bitcoin asset accumulation.
Massive initial holdings: equivalent to 0.2% of the current Bitcoin circulation, directly ranking in the top 5 Bitcoin holdings among publicly listed companies worldwide.
Industry Impact:
After MicroStrategy, another listed company that is “All in Bitcoin” has emerged.
The endorsement by three major institutions shows an increased recognition of Bitcoin assets by traditional capital.
May trigger a new round of Bitcoin holdings competition among listed companies
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