Tether Backed Twenty One Capital Nears Public Listing, Eyes Massive Bitcoin Buys

Twenty One Capital, a new Bitcoin-focused company backed by Tether, is close to going public. The company, led by CEO Jack Mallers, plans to list on a stock exchange soon. Mallers shared that they are hopeful for approval and aim to trade under the ticker XSI.

Mallers Reveals Plan for Twenty One Capital to Become a Bitcoin Powerhouse

Mallers stated in an interview shared on X that once listed, Twenty One Capital will focus on buying as much Bitcoin as possible. He emphasized using the company’s cash flow to fund these purchases. This strategy aims to increase the company’s Bitcoin holdings, making it a major player in the market.

The public listing is part of a broader plan to integrate Bitcoin into corporate finance. Mallers mentioned dealing with the SEC, highlighting the regulatory challenges they face. Despite this, he remains optimistic about the new administration’s attitude towards crypto.

Twenty One Capital’s model will differ from others by focusing on operational cash flow. Unlike some companies that rely heavily on debt, Mallers plans to build cash flow within the industry itself. This approach, he believes, will make their Bitcoin strategy more sustainable.

Tether-backed Firm Aims to Redefine Finance With Bitcoin-Native Products

Mallers also discussed the company’s plans to develop Bitcoin-native financial products. These include lending models and capital market instruments, which could replace traditional financial tools.

The company’s strategy is not just about accumulation but also about long-term value. Mallers wants to ensure that every move adds value to its shareholders. In addition, this focus on increasing Bitcoin per share sets Twenty One Capital apart.

Twenty One Capital’s upcoming public listing and Bitcoin buying plans indicates a new era for corporate crypto adoption. With Tether’s backing and Mallers’ vision, the company is poised to make a significant impact among corporate BTC holders. Last month, Tether and Bitfinex transferred $2.7 billion in BTC to Twenty One Capital to support the firm’s move towards holding 420,000 BTC.

A month earlier, the company bought 4,812 BTC which made it the third largest BTC holder globally. Subsequent purchases have further helped it to retain this position