Tether-Backed Twenty One Capital Raises $100M for Bitcoin
- Lyla Velez
- May 31, 2025
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Key Takeaways:
- Backed by Tether, raises $100M for Bitcoin acquisition.
- Aims to surpass Marathon Digital’s BTC holdings.
- Signals rising institutional trust in Bitcoin.
Twenty One Capital, a Bitcoin treasury firm backed by Tether, secured $100 million to expand its Bitcoin holdings and challenge Marathon Digital’s position.
The funding highlights the escalating competition in Bitcoin accumulation among institutions, with potential market liquidity impacts.
Twenty One Capital has raised $100 million, backed by Tether, SoftBank, and Bitfinex. The firm, led by Jack Mallers, aims to increase its Bitcoin holdings significantly.
Amassing 31,500–36,312 BTC, it seeks to outpace Marathon Digital Holdings. Paolo Ardoino of Tether emphasized a “Bitcoin-first approach.”
The hefty Bitcoin purchases could reduce market liquidity, placing pressure on exchanges. This may drive institutional investments and enhance Bitcoin’s role as a strategic asset.
The action underscores strong institutional trust in Bitcoin, influencing corporate strategies globally and sparking interest within the financial markets.
While regulatory responses remain muted, the SEC has documented this through filings. Industry observers predict shifts in corporate treasury practices.
Similar acquisitions historically correlated with upward trends in BTC values, and the institutional competition could lead to increased Bitcoin market stability.
“Our goal is to become one of the world’s top public holders of Bitcoin by aggressively accumulating BTC and demonstrating our commitment to long-term value creation.” — Jack Mallers, CEO, Twenty One Capital
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