So guess what? Jack Mallers — you know, from Strike — is picking up another title, co-founder and CEO at this new gig, Twenty One Capital. Imagine this: they’re going public, but not just any regular IPO thing, nope, they’re diving through a SPAC merger with Cantor Equity Partners. Ever heard of companies trading under cool tickers? Well, these folks are rolling out with $XXI. And here’s the kicker: they’re not starting small. Oh no, they’re walking in packing over 42,000 Bitcoin, making them the third dude in line after the big shots when it comes to Bitcoin stockpiling. Crazy, right?
Tether and SoftBank are standing right behind them, like, “Hey, we got you.” The whole move is about giving people a shot to own a slice of Bitcoin the public stock market way. Financial Times got wind of this and hey, they’re calling it a mega-bucks Bitcoin sponge, soaking up crypto left, right, center from everywhere. They wanna go all MicroStrategy on the market, a.k.a. hoarding Bitcoin like it’s going out of fashion.
Here’s Mr. Mallers waving his flag: “Look, you need money that works—something reliable to do the value-talk thing. That’s Bitcoin for us! What we’re aiming for here is not your typical market chitchat. We’re cooking up a whole NEW market. Think: public stock birthed and bred by Bitcoin geeks, for Bitcoin geeks.”
Fortune cookie prophecy? Maybe, who knows. But they’re starting off with a hefty $585M pooled from PIPE financing and notes that you can flip into something else. Tether’s playing Robin Hood here, committing to snatch up Bitcoin before the whole affair wraps up.
Paolo Ardoino from Tether jumps in like, “Hey world, Bitcoin’s not just a fad. It’s this rock-solid, can’t-shut-it-down thing that screams financial revolution. We stand with Jack—fist bump! Yup, we’re all about making Bitcoin the strongman on the financial block. Real value. No B-S. Less about the quick buck, more about the legacy.”
Twenty One’s got a game plan that’s like: we’re growing beyond MicroStrategy—or Strategy, or whatever they’re called now. Bigger, broader. Think Bitcoin in financial products and media — all jumbled up in a glorious, chaos-friendly innovation stew. Tossing out new ways to lend, to invest, and to, you know, talk all things Bitcoin-y to shareholders who want more than just the usual stock-update emails.
And there ya have it. It’s a whole new twist. Bitcoin, reclaiming its throne, with Jack Mallers stirring the pot.
