Twenty One raised USD 100 million to take more bitcoin to Wall Street

The Twenty One Capital company, backed by heavyweight pesos of the ecosystem such as Tether, SoftBank and Bitfinex, continues to strengthen its presence in the financial market with a new capital injection.

This company collection Other 100 million dollars through a second emission of convertible bonds, thus reaching a total of 685 million dollars raised to date. This capital will be used mainly for the acquisition of Bitcoin (BTC).

The growth of Twenty One occurs within the framework of its merger with singer Fitzgerald through a SPAC vehicle (acquisition company with special purpose), which allows you to quote on the Nasdaq under the CEP Ticker.

Since its launch, the firm has captured attention for its direct accumulation strategy of Bitcoin, already adding 458 million dollars in BTC directly acquired. To these are added the initial contributions of its main partners: Tether with 1.5 billion dollars in Bitcoin, SoftBank with 900 million and Bitfinex with another 600 million.

This structure makes Twenty One into the Third company that quotes in the stock market with greater volume of Bitcoin in Treasury, Behind giants like Strategy and Mara Holdings. Following a model similar to that of the latter, the firm evaluates its exposure to the market through the “Bitcoin per action” metric, which facilitates investors to estimate their indirect participation in the asset.

10 public contribution companies with more Bitcoin (BTC) in their treasury.
10 public contribution companies with more Bitcoin (BTC) in their treasury. Source: Bitcintreasuries.com

With this strategy, Twenty One joins a wave of companies that, such as cryptootics, has been showing it in their publications, seek to offer exposure to Bitcoin through the share market, while They consolidate the asset as part of their reservations. The company’s movement is produced in parallel to other similar ads, such as the recent case of Trump Media and Technology Group, which plans to lift about 2.5 billion dollars to acquire BTC.

The advance of these firms shows how Bitcoin gains more and more space within the traditional financial ecosystem, with institutional actors diversifying their exposure through quoted structures.

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