二十一首資本在其公司財政部發起了42,000比特幣（BTC）

二十一首資本於2025年4月推出，其公司財政部超過42,000比特幣（BTC）。該公司成為最大的機構比特幣持有人之一，排名

Twenty One Capital, a new company backed by Tether, Bitfinex, and SoftBank, launched on Monday with more than 42,000 Bitcoin (BTC) in its corporate treasury. The company is one of the largest institutional Bitcoin holders, ranking behind only MicroStrategy and Marathon Digital. The BTC holdings are worth more than $3.6 billion at current market value.

Tether，Bitfinex和Softbank支持的一家新公司二十一首資本於週一在其公司財政部發起了超過42,000個比特幣（BTC）。該公司是最大的機構比特幣持有人之一，僅落後於Microstrategy和Marathon Digital。 BTC持有量在當前市場價值上的價值超過36億美元。

The company was formed through a merger with Cantor Equity Partners (NYSE:CEPH), a special purpose acquisition company (SPAC). Twenty One Capital will trade publically on the New York Stock Exchange under the ticker symbol “XXI.” CEO Jack Mallers, who also leads Strike, will manage the company’s operations and Bitcoin-focused strategy.

該公司是通過與特殊目的獲取公司（SPAC）的Cantor Equity Partners（NYSE：CEPH）合併而成立的。二十一首資本將以股票符號“ xxi”公開在紐約證券交易所進行交易。還領導罷工的首席執行官傑克·馬勒斯（Jack Mallers）將管理公司的運營和以比特幣為重點的戰略。

Twenty One Capital aims to offer exposure to Bitcoin through public markets. Its launch brings a new institutional Bitcoin vehicle backed by major firms.

21個資本旨在通過公共市場提供對比特幣的接觸。它的發布帶來了由主要公司支持的新機構比特幣車輛。

Tether and Bitfinex together transferred 31,500 BTC to Twenty One Capital, which formed the core of the initial BTC treasury. Meanwhile, SoftBank acquired a minority stake in the company by purchasing shares from Tether.

繫繩和Bitfinex共同將31,500 BTC轉移到了21個資本，這構成了初始BTC財政部的核心。同時，軟銀通過從Tether購買股票來收購了公司的少數股權。

In addition, the company plans to raise $585 million in capital through equity sales, convertible notes, and debt. These funds will be used to buy more Bitcoin and for operational needs. The structure allows the company to focus only on Bitcoin acquisition and storage.

此外，該公司計劃通過股票銷售，可轉換票據和債務籌集5.85億美元的資本。這些資金將用於購買更多比特幣和用於運營需求。該結構允許公司僅專注於比特幣採集和存儲。

Cantor Fitzgerald is involved through its SPAC, which brings strong capital markets experience into the company. The formation process also includes planned metrics to track Bitcoin ownership.

坎托·菲茨杰拉德（Cantor Fitzgerald）通過其SPAC參與其中，這將強大的資本市場經驗帶入了公司。編隊過程還包括計劃的指標以跟踪比特幣所有權。

Bitcoin Per Share (BPS) is the primary metric that will be used by Twenty One Capital. This metric showcases how much Bitcoin backs each share of the company’s stock, which is publicly traded. The company claims that this replaces the typical earnings-per-share metric used in traditional stocks.

每股比特幣（BPS）是21個資本將使用的主要指標。該度量標準展示了比特幣在公開交易的公司股票中的每份份額。該公司聲稱，這取代了傳統股票中使用的典型每股收益度量。

The company will also be reporting a Bitcoin Return Rate (BRR), which showcases the growth of Bitcoin per share over time. These metrics align with the company’s stated goal to increase Bitcoin per share, not fiat earnings.

該公司還將報告比特幣回報率（BRR），該回報率隨著時間的推移展示了每股比特幣的增長。這些指標符合該公司所陳述的目標，即增加每股比特幣，而不是法定收入。

This structure allows the stock price to mirror the performance of its BTC treasury. If BTC rises in the market, so might the share price. If the company increases its BTC holdings, the Bitcoin per share ratio improves, which could attract more investors to the stock.

這種結構使股票價格可以反映其BTC財政部的性能。如果BTC在市場上上漲，股價也可能。如果公司增加了BTC持有量，則每股比特幣比率會提高，這可能會吸引更多的投資者加入股票。

Jack Mallers will serve as CEO. He is known for efforts to integrate Bitcoin payments into traditional finance through his Strike platform. His role at Twenty One Capital will include expanding the company’s Bitcoin holdings and driving its broader strategy.

傑克·馬拉爾（Jack Mallers）將擔任首席執行官。他以通過罷工平台將比特幣支付納入傳統金融的努力而聞名。他在二十一首資本的角色將包括擴大公司的比特幣持有量並推動其更廣泛的戰略。

“We are focused on maximizing Bitcoin per share and developing Bitcoin-native financial tools that can revolutionize the industry,” said Mallers.

馬拉爾斯說：“我們專注於最大限度地提高比特幣的每股比特幣，並開發可以徹底改變行業的比特幣本地財務工具。”

He added that the company will not diversify into other cryptocurrencies, assets, or revenue streams. Instead, it will concentrate solely on Bitcoin and expanding its treasury holdings.

他補充說，該公司不會多元化到其他加密貨幣，資產或收入流。取而代之的是，它將僅集中於比特幣並擴大其國庫券。

This approach makes a shift in how institutions may treat Bitcoin. Rather than allocating a percentage of assets to BTC or investing in a basket of tokens, Twenty One Capital’s entire business model centers around it.

這種方法改變了機構如何治療比特幣。而不是將一定比例的資產分配給BTC或投資一籃子代幣，而是圍繞它的21個資本的整個商業模式中心。

After the launch announcement, Cantor Equity Partners’ shares (NYSE:CEPH) surged by over 460%. This increase reflects strong market interest in Bitcoin-focused public firms. The move came during a 30% price increase in BTC over recent weeks.

發佈公告後，Cantor Equity Partners的股票（NYSE：CEPH）飆升了460％以上。這種增長反映了針對比特幣的公務公司的強烈市場興趣。此舉是在最近幾週BTC價格上漲30％的情況下進行的。

The share price signals broader acceptance of institutional Bitcoin models. Analysts have connected the jump to investor interest in BTC-backed stocks. However, the company’s strategy, structure, and corporate control have also raised concerns.

股價信號更廣泛地接受機構比特幣模型。分析師將跳高與投資者對BTC支持的股票的興趣聯繫起來。但是，公司的戰略，結構和公司控制也引起了人們的關注。

The concentration of Bitcoin in corporate treasuries may impact the cryptocurrency’s supply and the long-term structure of the market. Some market participants expressed concerns about the impact of one company holding 42,000 BTC.

比特幣在公司國庫中的集中度可能會影響加密貨幣的供應和市場的長期結構。一些市場參與者對擁有42,000 BTC的一家公司的影響表示擔憂。

With Bitcoin’s total supply capped at 21 million, large corporate holdings can limit the cryptocurrency’s availability for individual users.

隨著比特幣的總供應量為2100萬，大型公司持有可能會限制加密貨幣對個別用戶的可用性。

“It’s honestly baffling to me how guys like Jack Mallers and Michael Saylor can so brilliantly explain why Bitcoin is the most superior asset ever created, and then use the same explanation to try and sell you a stock,” said Mati Greenspan, CEO of Quantum Economics.

Quantum Economics的首席執行官Mati Greenspan說：“老實說，這讓我感到困惑，像傑克·馬拉斯（Jack Mallers）和邁克爾·賽勒（Michael Saylor）這樣的人如何如此出色地解釋為什麼比特幣是有史以來最出色的資產，然後使用相同的解釋來嘗試向您出售股票。”

His comments highlight a segment of the community that remains cautious about the rapid pace of institutional Bitcoin accumulation.

他的評論突出了社區的一部分，這些部分對機構比特幣積累的快速速度保持謹慎。

However, Matt Mena, Head of Markets at 21Shares, pointed out that institutional ownership does not alter the Bitcoin protocol or centralize the asset.

但是，21shares市場負責人馬特·梅納（Matt Mena）指出，機構所有權不會改變比特幣協議或集中資產。

“They simply offer new access points that integrate Bitcoin into existing financial infrastructure,” Mena stated. He added that users can still access Bitcoin directly, without going through institutions. Mena highlighted the difference between owning Bitcoin through a company like Twenty One Capital and an individual choosing to hold Bitcoin in their own wallet.

梅納說：“他們只是提供了將比特幣整合到現有金融基礎設施中的新接入點。”他補充說，用戶仍然可以直接訪問比特幣，而無需瀏覽機構。梅納（Mena）強調了通過像二十一首資本這樣的公司和一個人選擇在自己的錢包中拿著比特幣的公司之間的區別。

This discussion continues the broader narrative within the Bitcoin ecosystem over preferred ownership models and how to ensure decentralized access to the cryptocurrency.

這次討論延續了比特幣生態系統中更廣泛的敘述，而不是首選所有權模型以及如何確保分散的加密貨幣訪問權限。

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