Bitcoin-focused investment firm Twenty One Capital is making waves in the crypto space, recently receiving 5,800 BTC from Tether to boost its holdings to over 43,500 BTC. The company, backed by major players like Bitfinex and SoftBank, is preparing to go public soon under the ticker symbol “XXI”.
Why This Matters for Bitcoin Investors
✅ One of the largest corporate BTC treasuries (3rd place, close to overtaking MARA)
✅ Introducing “Bitcoin Per Share” (BPS) – A new metric to track Bitcoin-denominated performance
✅ Strong backing from Tether, Bitfinex, SoftBank, and Cantor Fitzgerald
✅ Average BTC buy price: $87,280 (currently profitable)
What’s the “Bitcoin Per Share” (BPS) Metric?
Twenty One Capital aims to provide clearer BTC exposure for investors, avoiding the volatility often seen with traditional stocks like MicroStrategy. The BPS metric will:
📊 Track shareholder value in Bitcoin terms
🔄 Offer a purer Bitcoin investment vehicle
🚀 Align with the company’s mission to “build a new system”
Jack Mallers’ Vision for Twenty One Capital
The Strike CEO and Bitcoin maximalist stated:
“We believe Bitcoin deserves a public company worthy of its ethos. With our partners and capital, we’re just getting started.”
How Does Twenty One Compare to MicroStrategy?
- MicroStrategy: 226,331 BTC (largest corporate holder)
- Twenty One Capital: 43,500 BTC (3rd largest, closing in on MARA)
- Goal: Provide a more Bitcoin-centric investment model
With its upcoming IPO and growing BTC reserves, Twenty One Capital could soon become a major player in corporate Bitcoin adoption.
