Jack Mallers Launches New Venture Focusing on Bitcoin Exposure with Massive BTC Holdings

Crypto entrepreneur Jack Mallers spearheads Twenty One Capital, a new firm dedicated to providing investors with Bitcoin exposure through traditional equity markets. This venture boasts an impressive starting point, with over 42,000 BTC in its treasury to fuel its operations. Funding for this initiative comes from two notable players: Tether and SoftBank. Through a PIPE financing round and convertible debt, Twenty One Capital has secured $585 million for the purchase of additional Bitcoin and operational costs. Co-founder and CEO Mallers is at the helm of this endeavor.