Twenty One Capital Acquires 4,812 BTC Worth $458.7M as Institutional Interest in Crypto Continues to Grow

This purchase comes at a time when Bitcoin-backed financial products are gaining traction, especially as Strike—Mallers' other venture—prepares to roll out its own BTC lending platform.

Twenty One Capital, the venture founded by renowned crypto entrepreneur Jack Mallers, has made a significant move in the Bitcoin space with the acquisition of 4,812 BTC, amounting to approximately $458.7 million, as reported by Whale Insider. This purchase further highlights the growing interest of institutional investors in crypto assets.

This development comes at a time when Bitcoin-backed financial products are gaining momentum, particularly with the upcoming launch of BTC lending platform by Mallers' other venture, Strike.

The report shared on X by Whale Insider—brings attention to a new key player in the Bitcoin institutional adoption game.

Just In: Jack Maller’s Twenty One buys 4,812 BTC worth $458.7 million.

Signals a new key player in the Bitcoin institutional adoption game.

Pour more light on the matter, a new private financial firm, "Twenty One" is backed by some of the biggest names in finance, including Cantor Fitzgerald, Tether, and SoftBank, is positioning itself as a leading Bitcoin acquisition and investment entity.

At launch, the firm, which is focused on acquiring and investing in Bitcoin, already held 42,000 BTC, which at the time of launch was valued at over $4.3 billion.

While it is hard to compare the company’s holdings to those of likes of Strategy and Metaplanet, it’s safe to assume that Twenty One Capital is already ranking as one of the largest BTC holdings by a company.

However, it is important to note that Twenty One operates as a private financial entity, meaning that its financials and operations aren’t subject to the same public disclosure requirements.

On the other hand, as the world’s leading cryptocurrency, Bitcoin is now as close as it gets to a new ATH—with the digital asset trading around $2,000 below that record-breaking margin. BTC is currently trading at $104,597 on CoinMarketCap, up by 2% over the last 24 hours.