Jack Mallers Named CEO of Bitcoin Whale 'TwentyOne Capital'... Launches with 42,000 BTC

# Strike CEO Jack Mallers Joins Bitcoin-Focused Financial Firm Twenty One Capital Jack Mallers, the CEO of the Bitcoin (BTC) payment platform Strike, has been announced as the CEO of a new Bitcoin-centric financial entity, Twenty One Capital. Mallers gained international recognition in 2022 at the Bitcoin Conference, where he revealed El Salvador's adoption of Bitcoin on behalf of President Nayib Bukele. According to Bitcoin Magazine, Twenty One Capital will launch with holdings exceeding 42,000 Bitcoin and plans to go public on Nasdaq through a Special Purpose Acquisition Company (SPAC) merger. # Targeting Nasdaq Listing with Significant Bitcoin Holdings The firm plans to list under the ticker symbol ‘XXI’ after merging with Cantor Equity Partners. With a Bitcoin reserve of approximately 42,000 BTC, Twenty One Capital will rank as the third-largest institutional Bitcoin holder, following MicroStrategy and Tesla. The project has garnered substantial backing from notable investors, including Tether and SoftBank, which contributed to the PIPE (Private Investment in Public Equity) funding. Twenty One Capital has raised $585 million in total, funds designated for further Bitcoin acquisitions and operational purposes. Tether has committed to purchasing an equivalent amount of Bitcoin before the firm's official launch. # Jack Mallers' Vision: A Bitcoin-Forward Future “Bitcoin is the benchmark for value measurement and efficient capital allocation in markets,” Mallers stated. “Our aim is to create new financial markets harnessed by the power of Bitcoin. Twenty One Capital is a company built for Bitcoin, and we intend to offer a public corporate model that aligns with true Bitcoin investors’ ideals.” The firm plans to develop a platform integrating financial products with Bitcoin-centered media. Moving beyond MicroStrategy’s Bitcoin strategy, Twenty One seeks to introduce innovative capital market tools, lending models, and pro-Bitcoin content to focus on long-term value creation. # Tether Highlights Bitcoin's Decentralized Appeal “Tether believes Bitcoin is censorship-resistant and a genuinely decentralized asset. Twenty One Capital’s Bitcoin-first approach resonates strongly with our own vision,” commented Paolo Ardoino, CEO of Tether. “We are confident this initiative will bolster Bitcoin’s market dominance and real-world applications.” # Industry Implications This project signifies a significant development in the evolution of publicly-traded corporations centered around Bitcoin. By pioneering this business model, Twenty One Capital hopes to inspire a wave of similar Bitcoin-based companies, cementing its role as a transformative force in the financial industry.