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Tether-backed Twenty One to add 5,800 more Bitcoin ahead of its public listing

Jul. 29, 2025

In April, Twenty One launched with an objective to secure over 42,000 BTC.

Tether-backed Twenty One to add 5,800 more Bitcoin ahead of its public listing

Key Takeaways

Twenty One Capital will acquire 5,800 more Bitcoin from Tether before its public listing.
With over 43,500 Bitcoin, the company will solidify its position as the third-largest corporate Bitcoin treasury globally.

Twenty One Capital, a Bitcoin-centric venture backed by Tether and Cantor Fitzgerald, is expecting to secure an additional 5,800 Bitcoin (BTC) from Tether as it moves toward a public listing, according to a Tuesday press release.

Once completed, the transfer would increase Twenty One’s total Bitcoin holdings to more than 43,500 BTC. The firm currently ranks as the third-largest Bitcoin holder with 37,230 BTC valued at $4.4 billion.

Upon listing after the business combination with CEP, each share is expected to represent approximately 12,559 sats/share.

“We believe Bitcoin deserves a public company worthy of its ethos. With the partners, capital, team, and structure we’ve assembled, we feel like we can do anything, and we’re just getting started,” said Jack Mallers, co-founder and CEO of Twenty One.

Mallers stated that the company is unlike traditional public companies; it is rooted in Bitcoin, supported by proof, and driven by a goal to change the global financial landscape. He added that their intention is not to compete with the current system but to create a new one.

The company will custody all its Bitcoin transparently and verifiably on-chain, with real-time Proof of Reserves available at xxi.mempool.space.

“Bitcoin represents more than just a financial asset; it’s a foundational protocol for freedom, transparency, and resilience,” said Paolo Ardoino, CEO of Tether. “Twenty One captures that ethos in corporate form.”

Following the business combination, Twenty One will be majority-owned by Tether and Bitfinex, with a minority stake held by SoftBank Group. The remaining equity will be held by PIPE investors, public shareholders of CEP, and Cantor Fitzgerald, CEP’s sponsor.

The company has submitted a confidential draft registration statement on Form S-4 with the SEC and plans to trade under the ticker symbol “XXI” upon closing of the business combination, subject to customary closing conditions, including CEP shareholder approval.

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