Twenty One Publishes Bitcoin Proof of Reserves: A Boost for Trust in Institutional Holdings

Cryptocurrency company Twenty One has taken significant steps towards increasing transparency by publicly releasing proof of reserves for its Bitcoin holdings. This move is expected to bolster trust among institutional investors and potentially drive greater adoption of Bitcoin as a reliable store of value. Notably, the initiative benefits from strong backing from Tether and SoftBank, prominent figures in the cryptocurrency space that are known for their involvement in cryptocurrencies. 201 co-founder Jack Mallers has stated that this transparency is vital to achieving success in the market by fostering confidence among investors.