JUST IN: Twenty One Capital, Backed by Tether, SoftBank, and Bitfinex, Buys 4,812 #Bitcoin for $458.7M

On May 14, 2025, Twenty One Capital, a Bitcoin-native financial firm backed by heavyweights like Tether, SoftBank, and Bitfinex, made headlines by acquiring 4812 BTC

In a move that has significant implications for the cryptocurrency landscape, Twenty One Capital, a Bitcoin-native financial firm, has completed the acquisition of 4,812 Bitcoin for a total of $458.7 million.

The average price paid for the Bitcoin was $95,300, and the transaction was executed through Tether.

Following this purchase, Twenty One Capital now holds over 42,000 Bitcoin in its treasury, making it the third-largest public Bitcoin holder.

The firm is led by CEO Jack Mallers, who aims to maximize Bitcoin per share, positioning Twenty One Capital as a pure-play Bitcoin opportunity in capital markets.

This strategy also sees the firm prioritize Bitcoin in its capital allocation decisions.

“We are trying to maximize Bitcoin per share and really make sure that the Bitcoin is the primary focus of the company,” said Mallers.

“We don’t want to be doing a lot of broader financial maneuvers like some of the other companies that are public Bitcoin opportunity.”

In comparison to firms like Strategy, which had planned to purchase $42 billion in Bitcoin but faced delays due to inefficient stock issuance, as seen with the $10.7 million Bitcoin purchase on March 17, Twenty One Capital’s strategy appears more streamlined and rapid.

This difference in pace and approach is crucial, according to Mallers.

“I think that they’re a broader financial company that happens to have a Bitcoin strategy, whereas we are a Bitcoin company that is focused on being the best investment vehicle for Bitcoin in capital markets,” said Mallers.

“They’re focused on broader financial performance, whereas we’re focused on Bitcoin performance.”

This purchase also marks a significant moment in the ongoing narrative of corporate Bitcoin adoption.

While Strategy, under the leadership of Michael Saylor, has been at the forefront of this trend, boasting an impressive 568,840 BTC at a cost of $39.41 billion as of May 11, 2025, its “21/21” plan to raise $42 billion for further Bitcoin additions has hit a snag with recent hiccups in stock sales.

Moreover, Strategy’s strategy has been focused on issuing bonds or stocks to fund its Bitcoin purchases, such as the $21 billion stock offering and earlier $561 million bond sale for this purpose.

However, Strategy’s Q4 2024 statement reveals a net loss of $670.8 million, largely attributed to the firm’s heavy Bitcoin bet.

Meanwhile, Metaplanet, often referred to as “Strategy of Asia,” has also been actively accumulating Bitcoin, now holding 6,796 BTC, which already surpasses El Salvador’s total.

Furthermore, Semler Scientific, a medical device company, has joined the ranks of institutions holding substantial Bitcoin reserves, with a total of 3,634 BTC, valued at $342 million by May 2025.