Twenty One Capital, backed by Tether, nears public listing under XSI, aiming to amass 420,000 BTC and launch Bitcoin-native financial products.
Twenty One Capital, a new Bitcoin-focused corporation that Tether backs, is on the brink of going public. Jack Mallers, the CEO of the organization, intends to list it on a stock exchange in the near future. Mallers expressed optimism regarding approval and intention to trade under the ticker XSI.
Mallers Unveils Strategy for Twenty One Capital to Become a Bitcoin Powerhouse
Mallers disclosed in an interview published on X that Twenty One Capital will prioritize the acquisition of an abundance of Bitcoin upon its listing. He underscored the importance of utilizing the company’s capital flow to finance these acquisitions. This strategy aims to elevate the company’s Bitcoin holdings, thereby establishing it as a significant participant in the market.
The public listing is a component of a more comprehensive strategy to incorporate Bitcoin into corporate financing. Mallers emphasized the regulatory obstacles they encounter when discussing their interactions with the Securities and Exchange Commission (SEC). Nevertheless, he maintains a positive outlook regarding the new administration’s stance on cryptocurrency.
Twenty One Capital’s model will be distinguished from others by its emphasis on operational capital flow. Unlike other organizations that prioritize debt, Mallers intends to generate cash flow from within the industry. He believes that this method will render their Bitcoin strategy more sustainable.
A Tether-backed company is striving to redefine finance by offering Bitcoin-native products.
Mallers also addressed the organization’s intentions to create financial products that are Bitcoin-native. These include capital market instruments and lending models, which have the potential to replace conventional financial instruments.
The company’s strategy is not solely focused on accumulation; it also considers long-term value. Mallers’ objective is to guarantee that each initiative generates value for its shareholders. Furthermore, Twenty One Capital’s emphasis on enhancing the value of Bitcoin per share distinguishes it from its competitors.
A new era for corporate crypto adoption is signaled by Twenty One Capital’s impending public listing and Bitcoin buying plans. The company is on the brink of a significant impact among corporate BTC holders, thanks to Mallers’ vision and Tether’s support. To facilitate Twenty One Capital’s transition to a 420,000 BTC holding, Tether and Bitfinex transferred $2.7 billion in BTC to the company last month.
The corporation became the third-largest BTC holder globally after purchasing 4,812 BTC a month prior. Furthermore, subsequent acquisitions have contributed to its preservation of this position.
