Backed by Cantor Fitzgerald, Twenty One Capital has significantly increased its Bitcoin (BTC) holdings, expanding the Treasury Ministry beyond the amount announced at launch, highlighting the accelerated race to accumulate digital assets.
The Bitcoin finance company, launched in April on its mission to accumulate digital assets, has added around 5,800 BTC from Stablecoin Issuer Tether, Bloomberg reported Tuesday.
Bloomberg estimates Twenty One Capital’s total Bitcoin holdings currently reach at least 43,500 BTC, about 1,500 BTC than the company originally predicted.
At current prices, Twenty One’s Bitcoin Holdings is worth around $5.133 billion.
In addition to its relationship with Cantor Fitzgerald, Twenty One Capital is backed by Crypto Firms Tether and Bitfinex along with venture capital Giant Softbank. A planned merger with Special Purpose Acquisition Company (SPAC) Cantor Equity Partners paves the way for Twenty One Capital to be published.
As reported by Cointelegraph on June 3, Tether has moved 37,229.69 BTC to an address associated with Twenty One Capital as part of the company’s first Bitcoin commitment.
The company is led by Strike CEO and Bitcoin advocate Jack Mullers.
Related: Strategy expands preferred stock to $20 billion amid Bitcoin fuel rally – Report
The rise of Bitcoin finance companies
Twenty One Capital is one of the companies that have accumulated Bitcoin after Michael Saylor’s strategy, and has earned over 607,000 BTC since mid-2020.
However, unlike strategies and other companies, Twenty One Capital does not rely on debt to fund Bitcoin purchases. Still, its holdings are quickly approaching the holders of Bitcoin Miner Mala Holdings, which has accumulated 50,000 BTC.
Alongside Mara, Bitcoin Miner Riot Platforms CleanSpark and Hut 8 rank among the largest corporate BTC holders. As reported by Cointelegraph, this reflects the “HODL strategy” that resurfaced in 2024, with miners choosing to retain a significant portion of mined Bitcoin in anticipation of future price increases.
Beyond mining companies, several non-crypto companies have added Bitcoin to their balance sheets, including Japanese textile manufacturer Kitabo and Volcon from the medical technology company Semler Scientific and Electric Powersports Company.
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