Twenty One Capital Secures 4,812 Bitcoin Through Tether Partnership: A Major Move in Corporate Bitcoin Treasury Strategy

Jack Mallers’ visionary approach to Bitcoin accumulation is reshaping how institutions build digital asset portfolios. In a significant market development, Twenty One Capital—the Bitcoin-focused treasury company spearheaded by Mallers—has executed a substantial acquisition of over 4,800 Bitcoin valued at approximately $458.7 million, facilitated through a strategic partnership with Tether.

The Transaction Details and Transparency Framework

According to SEC filings from Cantor Equity Partners, Inc., the transaction was structured as follows: Tether purchased 4,812.2 Bitcoin on behalf of Twenty One Capital as part of a broader business combination agreement. The filing specified that within ten business days, Tether would secure Bitcoin holdings totaling $458.7 million and place them in a digital wallet for transparent public verification.

What sets this arrangement apart is Tether’s commitment to blockchain transparency. Unlike many corporate Bitcoin holders that keep their holdings private, Tether is maintaining the Bitcoin in a publicly viewable digital wallet—a practice increasingly adopted by institutions seeking to demonstrate accountability, similar to approaches taken by Bitwise and Metaplanet.

Building a Bitcoin Treasury at Scale

The acquisition represents just one component of Twenty One Capital’s broader capital-raising and Bitcoin accumulation strategy. Upon the transaction’s completion, the company will hold over 42,000 Bitcoin, positioning it among the world’s largest corporate Bitcoin holders. This places Twenty One Capital in an elite tier of institutions, competing with established players in the space.

Jack Mallers has been explicit about the company’s philosophy: the organization is committed to raising maximum capital for Bitcoin acquisition while maintaining a Bitcoin-positive shareholder value proposition. His emphasis on “never having Bitcoin per share negative” underscores a fundamental commitment to shareholder enrichment in Bitcoin terms.

A Bitcoin-First Corporate Mission

Twenty One Capital’s positioning extends beyond simple asset accumulation. Mallers describes the company as fundamentally a Bitcoin business—one designed to serve as “the ultimate vehicle for the capital markets to participate in Bitcoin.” The initiative encompasses building infrastructure and applications on top of Bitcoin, reflecting a comprehensive vision for Bitcoin’s role in financial markets.

The company will begin trading under the ticker $XXI following its merger completion with Cantor Equity Partners, Inc., which is already live in markets as the merger process advances.

This strategic accumulation underscores growing institutional recognition of Bitcoin’s role in corporate treasuries and the emergence of specialized vehicles designed to capture Bitcoin exposure at scale.