Twenty One Capital Designates Jack Mallers as its New Bitcoin-Centric CEO
Taking the Bitcoin Venture to New Heights: Jack Mallers Takes Charge at Twenty One
In an exciting turn of events, Jack Mallers, the trailblazing CEO of cryptocurrency payments firm Strike, has stepped into a new role as the CEO of Twenty One. This Bitcoin-focused company, recently formed in partnership with Cantor Equity Partners, a special-purpose acquisition company affiliated with Cantor Fitzgerald, has big plans.
Backed by stablecoin issuer Tether and the Japanese investment powerhouse SoftBank Group, Twenty One kicks off with an impressive 42,000 Bitcoin (a ~0.31% increase in Bitcoin value) under management. The company aims to boost Bitcoin ownership per share for investors and plans to venture into Bitcoin-native financial products.
Mallers' enthusiasm shines through with hisstatement: "Our mission is clear: to become the most successful company in Bitcoin, the most valuable financial opportunity of our time. We're not here to beat the market, we're here to build a new one. A public stock, built by Bitcoiners, for Bitcoiners."
Partnership Power: Cantor Fitzgerald, SoftBank, Tether, and Bitfinex Join Forces on a New $3 Billion Bitcoin Venture
Strike, Mallers' digital payment company that's been making waves in recent months, is a prominent provider of Bitcoin payments via the Lightning Network. The company has also been instrumental in enabling companies and businesses to include Bitcoin in their corporate balance sheets. In 2024, Mallers predicted Bitcoin's price might hit $1 million.
In support of Mallers' mission, Paolo Ardoino, CEO of Tether, declared, "With Jack at the helm, we are thrilled to support this endeavor to accelerate Bitcoin's adoption and reinforce its role as the ultimate store of value. At Tether, we've always advocated for projects that elevate Bitcoin's dominance and real-world utility. Twenty One embodies this vision, prioritizing accumulation over speculation and building long-term value for those who see the true potential of Bitcoin."
Twenty One aspires to introduce financial products native to the Bitcoin ecosystem, including lending and capital market instruments. The company also intends to invest in pro-Bitcoin content and media. Its ultimate goal is to offer a pure-play approach that maximizes value for Bitcoin-aligned investors.
Bitcoin Breaks Through and Climes to Fifth Largest Asset Class
In a significant move, Twenty One, established through a collaboration between Tether, SoftBank Group, and Jack Mallers via a business combination with Cantor Equity Partners, aims to establish itself as a Bitcoin-native financial entity with a multifaceted strategy. This includes accumulating Bitcoin, developing financial infrastructure, and creating educational content to promote Bitcoin literacy and adoption across institutional and retail audiences.
With a strategic approach to capital allocation, partnerships, market influence, and capital efficiency, Twenty One seeks to outshine existing corporate Bitcoin strategies and deepen Bitcoin's integration into mainstream finance.
- Jack Mallers, previously the CEO of cryptocurrency payments firm Strike, has been appointed as the CEO of Twenty One, a Bitcoin-focused company.
- Twenty One, backed by stablecoin issuer Tether and the Japanese investment powerhouse SoftBank Group, aims to boost Bitcoin ownership per share for investors.
- The company, which kicked off with an impressive 42,000 Bitcoin under management, plans to venture into Bitcoin-native financial products like lending and capital market instruments.
- Paolo Ardoino, CEO of Tether, supports Mallers' mission, stating that Twenty One embodies Tether's vision of projects that elevate Bitcoin's dominance and real-world utility.
- In 2024, Mallers predicted Bitcoin's price might hit $1 million.
- Twenty One intends to introduce a pure-play approach that maximizes value for Bitcoin-aligned investors and promote Bitcoin literacy and adoption across institutional and retail audiences.
- The strategic partnership of Tether, SoftBank Group, and Jack Mallers aims to establish Twenty One as a Bitcoin-native financial entity, deepening Bitcoin's integration into mainstream finance.
