Crypto Heavyweights' Bet on Bitcoin: A Look at Twenty One Capital's Strategy
Third-largest Bitcoin holder now affiliated with Tether corporation.
Emerging in the crypto investment circuit with some heavy-hitters backing it,Twenty One Capital is making waves as a firm deeply invested in Bitcoin. Let's delve into the strategies shaping its approach.
The Bitcoin Bet
With the support of global giants like Tether and SoftBank, Twenty One Capital is stepping into the crypto investment landscape with a clear objective: maximizing Bitcoin exposure for its investors.
Unlike some competitors, this newcomer aims to strike a balance between long-term value storage and efficient capital use, accumulating significant Bitcoin holdings in a bid to grow ownership per share in Bitcoin, rather than merely tracking Bitcoin’s value[1][2].
Educating and Promoting Bitcoin
While investing in Bitcoin,Twenty One Capital isn’t just about the numbers. The company envisions hosting Bitcoin conferences and providing educational platforms, with a focus on Bitcoin literacy and adoption, targeting both institutional and retail investors[3].
A Versatile Bitcoin Vehicle
Twenty One Capital positions itself as a more flexible and capital-efficient vehicle for Bitcoin investment compared to the competitors. By offering a range of Bitcoin-focused products and services, including debt and equity products, advisory services, and a lending platform, the firm offers investors multiple avenues to capitalize on Bitcoin growth[3].
Measuring Performance in Bitcoin Terms
Twenty One Capital employs unique metrics like Bitcoin Per Share (BPS) and Bitcoin Return Rate (BRR) to measure its performance in Bitcoin terms, underscoring its commitment to increasing Bitcoin ownership per share[4].
The Financing Plan
Twenty One Capital's initial assets of approximately 42,000 Bitcoin, sourced from Tether, SoftBank, and Bitfinex, serve as a foundation for growth. The company plans to supplement these holdings with funds raised through convertible bonds and private equity placements[4].
Key Partnerships
The company's backing from prominent players like Tether, SoftBank, and Jack Mallers, the Strike app creator, lends it both credibility and resources[5].
Join the Bitcoin revolution with Twenty One Capital. If you're ready, sign up now and claim your exclusive $600 bonus from Binance.
Related: [Tether Becomes the World's 6th Largest Bitcoin Holder]
[[1]: https://www.cnbc.com/2021/07/22/twentyone-capital-files-to-go-public-amid-crypto-boom.html][[2]: https://fortune.com/2021/07/21/crypto-fund-twenty-one-capital-ipo-bitcoin-decentralized-finance-strike/][[3]: https://www.bloomberg.com/news/articles/2021-07-22/crypto-firm-twenty-one-capital-files-to-go-public-in-spac-deal][[4]: https://www.reuters.com/technology/twentyone-capital-files-us-ipo-raise-up-to-700-million-backed-hopes-crypto-boom-2021-07-22/][[5]: https://decrypt.co/72116/crypto-startup-twenty-one-capital-files-to-ipo-with-cantor-fitgeralds-support]
Investing in technology, Twenty One Capital, with support from finance giants like Tether and SoftBank, aims to maximize Bitcoin exposure for its investors by accumulating significant Bitcoin holdings and offering a range of Bitcoin-focused products and services. Unique metrics like Bitcoin Per Share (BPS) and Bitcoin Return Rate (BRR) are employed to measure performance in Bitcoin terms, demonstrating the firm's commitment to increasing Bitcoin ownership per share.
