Twenty One Capital Accumulates More Bitcoin Than Initially Planned
Cointelegraph reported Tuesday that Cantor Fitzgerald-backed Twenty One Capital has increased its Bitcoin holdings beyond initial projections. The Bitcoin treasury firm now holds at least 43,500 BTC, worth roughly $5.13 billion at current prices.
Bloomberg estimates the company acquired approximately 5,800 additional Bitcoin from stablecoin issuer Tether. This brings total holdings to roughly 1,500 BTC more than Twenty One Capital initially projected at launch.
The firm launched in April with backing from Tether, Bitfinex, and venture capital giant SoftBank. Strike CEO Jack Mallers leads the company as chief executive. Twenty One Capital plans to go public through a merger with special purpose acquisition company Cantor Equity Partners.
Why This Bitcoin Accumulation Matters
Twenty One Capital joins a growing list of corporations using Bitcoin as a primary treasury asset. The company positions itself as the third-largest corporate Bitcoin holder worldwide, trailing only Strategy and mining firm MARA Holdings with 50,000 BTC.
Unlike many Bitcoin treasury companies, Twenty One Capital has not relied on debt financing for its Bitcoin purchases. PYMNTS notes that corporate Bitcoin adoption gained momentum in 2025 as clearer accounting rules and regulatory frameworks gave CFOs more confidence in managing digital asset compliance risks.
The increase in holdings demonstrates institutional confidence in Bitcoin's long-term value proposition. We previously analyzed how fixed supply makes Bitcoin an inflation-proof reserve asset, providing nations and corporations protection against currency devaluation risks.
Strategy pioneered the corporate Bitcoin treasury model, accumulating over 607,000 BTC since mid-2020. The success of this approach has prompted numerous companies to explore similar strategies for their balance sheets.
Industry Impact and Broader Treasury Trends
The corporate Bitcoin accumulation trend reflects broader institutional acceptance of digital assets as legitimate treasury holdings. Charles Schwab research shows Bitcoin treasury companies are changing fundamental valuations as crypto becomes a larger portion of corporate balance sheets.
This shift creates new investment vehicles for traditional investors seeking Bitcoin exposure without direct cryptocurrency ownership. Companies like Twenty One Capital allow public market participants to gain digital asset exposure through regulated stock exchanges rather than cryptocurrency platforms.
The trend also represents increasing competition among Bitcoin-focused public companies. As more firms adopt treasury strategies, the available Bitcoin supply for corporate accumulation becomes more limited. With only 21 million Bitcoin ever to exist, institutional demand could drive continued price appreciation.
However, volatility remains a concern for corporate treasurers. Bitcoin treasury companies face potential liquidity issues if digital asset values decline significantly. Mark-to-market accounting requirements mean Bitcoin price fluctuations directly impact quarterly earnings and balance sheet stability.
