Twenty One Capital has announced plans to increase its Bitcoin holdings to over 43,500 BTC. The company aims to strengthen its treasury position ahead of its planned public listing.

Twenty One Capital to Receive Additional BTC From Tether

In a press release, Twenty One Capital disclosed that it will receive around 5,800 BTC from Tether. This transfer will raise its total Bitcoin holdings to more than 43,500 BTC. The move is expected to take place before the company completes its business combination and goes public.

The firm’s CEO, Jack Mallers, stated that the company intends to purchase more Bitcoin using its internal cash flows. The acquisition would establish the firm as the third-largest Bitcoin treasury holder, trailing only Strategy and MARA Holdings. Currently, Strategy owns 607,770 BTC, while MARA holds 50,000 BTC.

Twenty One Capital acquired its existing BTC at an average price of $87,280.37. Upon completion of its merger with Cantor Equity Partners (CEP), each share will represent about 12,559 sats. The company plans to list under the ticker “XXI” once regulatory approvals are secured.

Tether, Bitfinex, and SoftBank Among Stakeholders

Tether and Bitfinex will hold majority stakes in Twenty One Capital. SoftBank Group is also an investor with a minority stake. The firm’s Bitcoin reserves were launched through contributions from these entities. These strategic partnerships reflect growing institutional involvement in Bitcoin-backed capital structures.

Additionally, the company has introduced a new performance metric, Bitcoin Per Share (BPS). This will allow investors to monitor Bitcoin exposure directly without relying on traditional earnings models. According to the company, BPS provides greater transparency in tracking shareholder exposure to BTC.

Twenty One Capital says this structure offers Bitcoin-backed equity without traditional dilution or business model risks associated with legacy sectors. This approach aligns with its strategy to maintain a pure Bitcoin-focused operating model.

CEP Also Backs Launch of New Bitcoin Treasury Firm BSTR

Cantor Equity Partners is also facilitating the launch of another Bitcoin treasury company. Adam Back founded the Bitcoin Standard Treasury Company (BSTR), which will launch with 30,021 BTC. This will make it rank second after Twenty One Capital in the Bitcoin reserves.

BSTR and Twenty One Capital are two such companies that are trying to start a new breed of publicly-owned structures that center on the assets of Bitcoin reserves. They are joining the long list of companies that use Bitcoin as a fundamental financial tool.

The two companies have registered preliminary prospectuses with the SEC. The offerings on the public listings will be approved through CEP shareholders’ approval, plus other regulatory requirements.