Twenty One Capital, Inc. announced today it will receive 5,800 additional Bitcoin from Tether at the closing of its business combination with Cantor Equity Partners (Nasdaq: CEP), pushing its total Bitcoin holdings to over 43,500 BTC. This acquisition positions Twenty One as the third largest corporate Bitcoin treasury globally.
The company says it acquired its Bitcoin at a blended average cost of $87,280.37 per BTC. Once listed, each share of Twenty One will represent around 12,559 sats and trade under the ticker XXI. A new metric, Bitcoin Per Share (BPS), will replace traditional EPS to let investors track performance in Bitcoin terms.
“We believe Bitcoin deserves a public company worthy of its ethos,” said Twenty One Capital co-founder and CEO Jack Mallers. “With the partners, capital, team, and structure we’ve assembled, we feel like we can do anything, and we’re just getting started. Twenty One is a new kind of public company: built on Bitcoin, backed with proof, and driven by a vision to reshape the global financial system. We’re not here to beat the existing system, we’re here to build a new one.”
All of the company’s Bitcoin will be held transparently on-chain, with real time Proof of Reserves available here. Twenty One aims to give investors Bitcoin exposure without legacy financial liabilities.
“Bitcoin represents more than just a financial asset, it’s a foundational protocol for freedom, transparency, and resilience,” stated the CEO of Tether Paolo Ardoino. “Twenty One captures that ethos in corporate form. By anchoring its model entirely to Bitcoin, it breaks from legacy financial conventions and points toward a future where value is truly sovereign. This is the kind of vision we’re proud to support.”
Tether and Bitfinex will hold a majority stake in Twenty One, with SoftBank as a significant minority investor. The remaining ownership will be shared among PIPE investors, public shareholders of CEP, and Cantor Fitzgerald.