In a daring and high-energy appearance on Bloomberg Crypto, Jack Mallers, CEO of Twenty One Capital, made clear his firm’s ambition: to be probably the most dominant Bitcoin treasury on the earth—and to experience Bitcoin’s worth far previous the six-figure mark.
Following the agency’s announcement that it expects to obtain a further 5,800 BTC from Tether forward of its public itemizing, Mallers laid out the case for Bitcoin’s continued worth surge, asserting that $150,000 per BTC is just the start.
“Is there sufficient Bitcoin for me at $120k? No. $130k, $140k, $150k? There’s at all times Bitcoin obtainable—it simply is dependent upon what you’re prepared to pay for it,” Mallers stated. “Bitcoin is the scarcest factor. It’s inelastic to the quantity of demand that searches for it.”
With the upcoming capital infusion, Twenty One’s complete bitcoin holdings will exceed 43,500 BTC, acquired at a median worth of $87,280.37—already producing $1.3 billion in unrealized good points. This may make the corporate the third-largest company holder of bitcoin, behind solely Technique and Marathon Digital (MARA).
Mallers was unapologetically aggressive when requested about his intentions to maneuver additional up the leaderboard.
“I’m by no means gonna sit up right here and say I wish to be second,” he informed Bloomberg. “The board consists of myself, Tether, and SoftBank. That’s a whole lot of entry to capital, a whole lot of tech expertise, and a whole lot of Bitcoin experience. We predict we are able to do just about something.”
Extra than simply stacking sats, Mallers emphasised that Twenty One is constructing for the long run. Alongside its treasury accumulation, the corporate plans to develop a collection of Bitcoin-native monetary merchandise, leveraging the expertise of Mallers’ personal agency Strike and the engineering pedigree of companions like Tether.
Twenty One’s construction is designed to supply Bitcoin-denominated shareholder worth, with every share anticipated to symbolize roughly 12,559 sats. A brand new metric, Bitcoin Per Share (BPS), will supply real-time transparency on asset publicity. All BTC can be on-chain and auditable through xxi.mempool.space.
“Bitcoin is a foundational protocol for freedom,” stated Paolo Ardoino, CEO of Tether. “Twenty One captures that ethos in company type.”
As Mallers put it: “We’re not right here to beat the prevailing system—we’re right here to construct a brand new one.”
The agency is about to commerce below ticker XXI following the closing of its enterprise mixture with Cantor Fairness Companions (CEP), pending shareholder approval.
With Bitcoin’s mounted provide and rising institutional demand, Mallers believes worth discovery will solely speed up from right here. “The extra folks and capital that enter this market, the upper the value should go,” he stated. “And we’re simply getting began.”
