Twenty One Capital, led by Jack Mallers, founder of Strike, is launching as a Bitcoin treasury company aimed at surpassing Michael Saylor’s firm in attracting investors seeking Bitcoin exposure. Supported by significant investors like Tether, SoftBank, and Cantor Fitzgerald, Twenty One Capital plans to manage 42,000 Bitcoin, allowing it to become the third-largest corporate Bitcoin holder. It is pursuing a public listing through a merger with Cantor Equity Partners, aiming to raise $585 million through convertible bonds and equity financing. Mallers stated the company’s goal is not just to compete but to create a new investment landscape for Bitcoin. The firm’s model contrasts with Saylor's by positioning itself as a more efficient investment vehicle while also offering additional services like Bitcoin debt and equity products, advisory services, and educational resources. The news of this venture sparked a significant rise in Cantor Equity Partners' shares, reflecting strong market interest.

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