Twenty One Capital (TOC) with Bitcoin reserves was established with 42 thousand BTC.
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Introduction
New companies with BTC reserves continue to be established. The newest of these is Twenty One Capital (TOC). The company, which was established with an initial capital of 42 thousand BTC, is currently the third company with the largest BTC reserve.
Tether, Bitcoin and TOC
Twenty One Capital (TOC) was established under the leadership of Tether and in partnership with SoftBank and Bitfinex to offer institutional investors the opportunity to purchase Bitcoin. It was reported that the company will be offered to the public through the Cantor Equity Partners SPAC vehicle and will be traded on the stock exchange with the code "CEP".
Today, companies with Bitcoin (BTC) reserves were known as Strategy and Mara Holdings. Twenty One Capital was established as the company with the third largest Bitcoin reserve. Initially, it has 42 thousand BTC (currently approximately 3 billion 600 million dollars) in its vault. It is thought that over time, new investments will increase its reserves. Thus, Twenty One Capital will become the company with the third largest BTC reserve among publicly traded companies, after Strategy and Mara Holdings.
The leadership of the establishment in question will be undertaken by a well-known name in the cryptocurrency sector, "Jack Mallers". The company's goals include increasing the amount of Bitcoin shares and developing and launching new financial products. Mallers stated, "We are committed to providing institutional investors with a secure and transparent Bitcoin supply."
Conclusion
Twenty One Capital (TOC) is being established under the leadership of Tether. We know how successful Tether is in the cryptocurrency market with USDT. SoftBank and Bitfinex exchanges are also involved in this partnership. Tether has committed $1 billion 500 million, Bitfinex $600 million, and SoftBank $900 million in BTC to the Bitcoin reserve within the partnership.
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