Twenty One Capital Set to Go Public with Record Bitcoin Holdings
Date: 2025-07-30 Author: Henry Casey Categories: BUSINESS
Twenty One Capital recently raised an additional 5,800 BTC, bringing its total holdings to approximately 43,500 BTC following its merger with Cantor Equity Partners (CEP). This will make the company one of the largest players in the corporate Bitcoin market. The new coins come as part of previously announced investments from Tether and institutional partners.
The total value of the raised Bitcoin is approximately $680 million, significantly strengthening the company’s financial position and expanding the options for investors looking for direct exposure to the cryptocurrency. Of this amount, 1,381 BTC were acquired by Tether under the June 2025 agreement, and 4,422 BTC under the merger agreement with CEP.
The average cost of one bitcoin for Twenty One Capital is now estimated at $87,280. An interesting innovation was the Bitcoin Per Share (BPS) metric developed by the company. This indicator allows investors to see how many bitcoins are allocated per share of the company, which provides transparency and convenience in assessing investments in XXI shares.
All of the company's bitcoins will be fully transparent and confirmed using on-chain Proof of Reserves via the xxi.mempool.space platform. According to Twenty One co-founder and CEO Jack Mallers, the company aims not only to become a market participant, but also to change the financial system by creating a new ecosystem based on bitcoin and transparency.
Tether CEO Paolo Ardoino also noted the importance of Bitcoin not just as an asset, but as a protocol for freedom and sustainability. He emphasized that Twenty One embodies these principles in the format of a public company, opening up new opportunities for investors.
After the deal is completed, Tether and Bitfinex will have a controlling stake, a significant share will go to SoftBank Group, and the rest will be distributed among PIPE investors, CEP shareholders, and Cantor Fitzgerald sponsors. The company has already filed registration documents with the US Securities and Exchange Commission and plans to begin trading shares under the ticker XXI.
Recall that in May, Tether acquired 4812 BTC for the Twenty One Capital fund for $458.7 million, which was one of the largest deals in the corporate bitcoin market in recent times. This move only confirmed the company's serious intentions to take a leading position in the cryptocurrency industry.
Thus, Twenty One's listing on the exchange with a large Bitcoin portfolio demonstrates the growing interest of institutional investors in cryptocurrencies and strengthens Bitcoin's position as a key financial asset of the future.
