Twenty One Capital, a company focused on Bitcoin treasury management, is preparing for its debut on the New York Stock Exchange (NYSE) next week. With a significant holding of 43,514 BTC on its balance sheet, the firm is positioning itself as a major player in the institutional cryptocurrency landscape.
Launched in April 2025, Twenty One Capital aims to accumulate Bitcoin through strategic partnerships and has received backing from notable investors including Cantor Fitzgerald, Tether, and SoftBank. These affiliations not only lend financial support but also create strong ties within political and corporate spheres.
At the helm of Twenty One Capital is Jack Mallers, who is also the CEO of Strike. Mallers has been a vocal advocate for Bitcoin”s adoption and recently made headlines when he revealed that JPMorgan had closed his banking account, eliciting reactions throughout the crypto community. The involvement of Cantor Fitzgerald, which manages a significant portion of Tether”s U.S. Treasury holdings, further underscores the interconnectedness of these entities.
The political connections of Twenty One Capital are noteworthy. Bo Hines, a former official from the Trump administration, leads USAT, a Tether-compliant stablecoin. Moreover, SoftBank has pledged substantial funds towards U.S. AI infrastructure, reinforcing its collaborations with tech giants like OpenAI and Oracle. With Mallers” leadership and these connections, Twenty One is poised to exert considerable influence over U.S. Bitcoin strategy.
As it prepares for its NYSE debut, Twenty One Capital”s presence may signal a growing trend of institutional companies focusing on Bitcoin treasury management. The firm”s substantial BTC holdings provide it with a unique market leverage, potentially enabling it to forge alliances with other major entities like MicroStrategy. This shift towards prioritizing Bitcoin accumulation could present a stark contrast to the approaches of traditional financial institutions such as JPMorgan and BlackRock.
The upcoming listing on the NYSE not only increases visibility for Twenty One Capital but also highlights the broader institutional interest in corporate Bitcoin strategies. The potential impacts of regulatory frameworks like the CLARITY Act could further shape the landscape for institutional participation in the cryptocurrency market. With Tether and Cantor Fitzgerald”s involvement, the integration of stablecoins into Bitcoin strategies is likely to become more pronounced in future market developments.
