Bitcoin Treasury • Bitcoin-Native Finance • Public Markets
Twenty One
A Bitcoin-native company with 42,000 BTC
Bitcoin Holdings
0 BTC
Third-largest corporate holder
Capital Raise
$585M
Convertible notes & PIPE
Market Cap
$0
Ticker: XXI
Market Analysis
Twenty One Capital ($CEP) has the highest chance of coming anywhere close to competing with MSTR for Bitcoin.
Leadership Comparison
Michael Saylor vs Jack Mallers for PR
Larry Fink vs Howard Lutnick for strategy
Market Position
Looking forward to this.
Everyone else will have their mNAV pumps and dumps - but they have no chance when it comes to actual Bitcoin stack imo.
Recent Developments
Market Context
- •Bitcoin surpasses $100K milestone in 2024
- •Spot Bitcoin ETF approval driving institutional adoption
- •Fourth Bitcoin halving completed in April 2024
Strategic Position
- •42,000 BTC treasury position maintained
- •Strong balance sheet with minimal debt
- •Focus on long-term Bitcoin accumulation
Market Opportunity
With Bitcoin's market cap reaching $2 trillion and institutional adoption accelerating, Twenty One Capital is well-positioned to capture significant value. The company's strategy of maintaining a large Bitcoin treasury while focusing on long-term value creation aligns perfectly with the current market dynamics and institutional demand.
Genesis of Twenty One Capital
Twenty One Capital emerged through a strategic merger with Cantor Equity Partners (CEP), a special-purpose acquisition company (SPAC). This merger facilitates Twenty One's entry into the public market under the ticker symbol XXI. The company is set to launch with an impressive treasury of over 42,000 Bitcoin, positioning it as the third-largest corporate holder of Bitcoin globally, trailing only behind Strategy (formerly MicroStrategy) and Marathon Digital.
Bitcoin-Centric Metrics
Bitcoin Per Share (BPS)
This metric represents the amount of Bitcoin each fully diluted share holds, offering shareholders a direct stake in the company's Bitcoin reserves.
Bitcoin Return Rate (BRR)
BRR measures the growth rate of BPS over time, effectively tracking the company's performance in accumulating Bitcoin.
Strategic Partnerships
Tether
Providing a substantial portion of the initial Bitcoin treasury
SoftBank Group
Acquiring a significant minority stake in Twenty One Capital
Bitfinex
Contributing to the Bitcoin reserves and providing strategic support
Vision for Bitcoin-Native Finance
Under Jack Mallers' leadership, Twenty One Capital envisions a future where financial services are inherently Bitcoin-centric. The company plans to develop a suite of Bitcoin-native financial products, including lending models and capital market instruments, to further integrate Bitcoin into the global financial system.
“The 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.”
- Jack Mallers, Founder
Market Reception
The announcement of Twenty One Capital has generated significant interest in the financial markets. Shares of Cantor Equity Partners surged by up to 462% following the merger news, reflecting investor enthusiasm for Bitcoin-focused ventures.
As Bitcoin continues to gain mainstream acceptance, Twenty One Capital's innovative approach positions it as a potential leader in the Bitcoin-native financial sector. By offering investors direct exposure to Bitcoin through a publicly traded company, it bridges the gap between traditional finance and the burgeoning world of cryptocurrencies.
The Strategy
The company believes in Bitcoin's long-term value proposition and is committed to holding its Bitcoin treasury for the long term. The strategy focuses on:
- 🔗Long-term Bitcoin accumulation
- 🔗Secure custody solutions
- 🔗Bitcoin education and adoption
Join the Bitcoin Revolution
Be part of the future of money. Learn more about Bitcoin and how Twenty One is shaping the future of finance.