Twenty One Capital’s Launch Plan Lacks Share Performance Data

Twenty One Capital, led by Jack Mallers and backed by Tether and SoftBank, reports a significant yet unverified 20% share drop post-transaction partnership with Cantor Equity Partners.

The market lacks confirmed share price performance data, highlighting Bitcoin’s central role in Twenty One’s strategy and the uncertainties in its public equity entry.

Main Content

Twenty One Capital, led by Jack Mallers, is backed by Tether and SoftBank, focusing on Bitcoin investment. Despite claims of a 20% share drop, no official data confirms such a price movement. The entity remains unlisted. Jack Mallers, also of Strike, heads the company. Tether and SoftBank Group are major backers. The firm is a Bitcoin-native public company stemming from a merger with Cantor Equity Partners, currently emphasizing a Bitcoin per share (BPS) strategy.

Markets need reliable money to measure value and allocate capital efficiently. We believe that Bitcoin is the answer, and Twenty One is how we bring that answer to public markets. Our mission is simple: to become the most successful company in Bitcoin, the most valuable financial opportunity of our time. We’re not here to beat the market, we’re here to build a new one. A public stock, built by Bitcoiners, for Bitcoiners.

— Jack Mallers, Co‑Founder & CEO, Twenty One

The launch does not immediately affect market perceptions or BTC prices since no trading has been confirmed. The company aims to hold Bitcoin as a treasury asset, prioritizing accumulation over short-term gains, aligning with Tether’s objectives. Financially, Twenty One aims to raise approximately $540–585 million to further its Bitcoin-first approach. The funds will focus on buying Bitcoin and addressing corporate strategies, emphasizing a long-term harmonization with the Bitcoin ecosystem.

The absence of share trade evidence prevents assessing immediate market impact. However, the initiative reflects a growing trend of Bitcoin-centric corporate strategies in public markets, indicative of increased institutional interest in cryptocurrency. Potential regulatory scrutiny might arise due to the Bitcoin-only focus. Historically, similar firms like MicroStrategy have shifted market perceptions regarding cryptocurrency investments. The outcome could influence future corporate treasury management models.