"Will Create a BTC Accumulator Surpassing Strategy"
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Jack Mallers stated in an official statement on the 23rd that "21 Capital will become the best company for investors seeking capital-efficient Bitcoin investment, replacing Michael Saylor's strategy."
21 Capital is a joint venture established by the U.S. financial services company Cantor Fitzgerald, Tether, SoftBank, and Bitfinex for the purpose of Bitcoin accumulation.
21 Capital announced the acquisition of 42,000 Bitcoins immediately upon its launch. It then quickly hired Jack Mallers, CEO of Strike, who developed the 'Lightning Network', as its financial officer, drawing significant market attention.
According to the announcement, 21 Capital is expected to be listed and traded on Nasdaq with the ticker 'XXI'.
21 Capital is expected to become a Bitcoin accumulator surpassing Strategy, owing to the reputation and financial strength of its partner companies. Chairman Brandon Rootnik revealed that 21 Capital has raised over $3 billion in investment from its partners. Specifically disclosed investments are ▲Tether, $1.5 billion ▲SoftBank, $900 million ▲Bitfinex, $600 million.
Chairman Brandon Rootnik is the son of Howard Rootnik, who was appointed as the U.S. Secretary of Commerce during the second Trump administration. Cantor Fitzgerald's market capitalization is approximately $2.02082 billion.
Tether, the undisputed largest stablecoin issuer, has a total market capitalization of about $145.26178 billion for its stablecoin USDT.
SoftBank is Japan's largest IT group and a global investment company, with a total market capitalization of approximately $69.13 billion.
Meanwhile, Jack Mallers developed the Lightning Network in 2021, solving Bitcoin's weaknesses and contributing to El Salvador's adoption of Bitcoin as legal tender.
Reporter Seung-won Kwon ksw@blockstreet.co.kr
