$3.9 Billion Bitcoin Treasury: Backed by Tether and SoftBank, Twenty One Is Set to Become 3rd Largest Corporate BTC Holder

We could be on the precipice of a new era of institutional Bitcoin adoption as a Bitcoin-native company called Twenty One is set to launch with backing from crypto industry giant Tether, global investment firm SoftBank, and Strike founder Jack Mallers. The company will debut with a treasury of 42,000 BTC, instantly becoming the third-largest corporate holder of Bitcoin, behind only Strategy and MARA Holdings. At the time of writing, the company’s 42,000 BTC would be worth a staggering $3.9 billion.Trade Crypto on KrakenTwenty One is being formed through a business combination with Cantor Equity Partners, the SPAC arm of Cantor Fitzgerald, one of Wall Street’s most influential firms. According to the official press release, the company aims to “accelerate the global adoption of Bitcoin as an open monetary network.” The release notes:“With 42,000 BTC on its balance sheet, Twenty One is immediately positioned as a dominant force in the Bitcoin ecosystem.”With support from SoftBank, Tether, and Jack Mallers, the venture represents one of the most significant collaborations between traditional finance and crypto-native innovators to date.Howard Lutnick, former CEO of Cantor Fitzgerald and current U.S. secretary of commerce, shared his long-term bullish outlook on Bitcoin, pointing to a slow but inevitable integration into traditional finance. In a video published in September last year, Lutnick explained:“Bitcoin has been an outsider in the finance business but coming closer and closer… Right now, there’s an ETF just starting to go a little bit mainstream.”He emphasized that regulatory changes will unlock mass adoption among traditional financial players:“If the regulatory environment was good, you will see all the traditional financial service companies—the big banks, big brokerage companies—they’re all going to go head first into the Bitcoin pond.”Lutnick’s conclusion was unequivocal, and made an optimistic Bitcoin price prediction.“That’s why I’m a fan of Bitcoin. It’s going to go much higher… Over the next 5 years, as it gets invited into this party—up we go.”The launch of Twenty One comes during a broader bullish momentum in the Bitcoin market. As we reported previously, BTC surged on April 23, driven by a mix of macroeconomic optimism and the Twenty One announcement itself. Here are the key drivers of the rally:Get Started on Kraken