Tether-Backed Capital Fuels Twenty One Capital’s Bitcoin Acquisition

Twenty One Capital, led by Jack Mallers, has secured a $100 million funding round to acquire Bitcoin. This investment, bolstered by Tether, SoftBank and Bitfinex, will allow the firm to potentially surpass competitors like Marathon Digital Holdings in their Bitcoin holdings. 21 Capital’s strategy involves direct acquisition of Bitcoin for potential resale at higher prices. This substantial capital injection positions them as a leading investor in Bitcoin and potentially influences market pricing and competitor valuations.