Jack Mallers has been appointed CEO of Twenty One Capital, Inc., a Bitcoin-focused firm planning a SPAC merger with Cantor Equity Partners. Launching with over 42,000 Bitcoin, the company aims to trade under the ticker $XXI and become the third-largest corporate Bitcoin holder globally. Backed by Tether and SoftBank, it will use its considerable treasury to provide investors with direct exposure to Bitcoin. Mallers emphasizes the necessity of Bitcoin for measuring value and aims for the firm to lead in Bitcoin ownership in public markets.
Markets need reliable money to measure value and allocate capital efficiently. We believe that Bitcoin is the answer, and Twenty One is how we bring that answer to public markets.
Bitcoin is one of the only truly decentralized, immutable, and censorship-resistant asset, and its role as the foundation of a new financial system is inevitable.
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