Twenty One Capital Announced event
Overview
Twenty One Capital was announced on April 23, 2025 as a bitcoin-native company formed through a business combination with Cantor Equity Partners, a SPAC sponsored by an affiliate of Cantor Fitzgerald. Tether, Bitfinex and SoftBank Group contributed bitcoin in exchange for shares priced at $10 each, with Jack Mallers — founder of Strike — named co-founder and CEO. The company was expected to launch holding more than 42,000 BTC, with a stated mission of maximising "Bitcoin Ownership Per Share," and the transaction implied a pro-forma enterprise value of about $3.6 billion based on a bitcoin price of $84,863.57 as of April 21, 2025. At closing it was majority-owned by Tether and Bitfinex with a significant minority stake held by SoftBank, and it sought to trade under the ticker XXI.
Within the DeFi Intel graph, Twenty One Capital Announced connects to 1 tracked entity, most strongly to Twenty One Capital, Inc..
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Twenty One Capital, Inc. | 95% |
Frequently asked questions
Who is behind Twenty One Capital?
Tether, Bitfinex and SoftBank Group are the founding sponsors, with Jack Mallers as co-founder and CEO. It went public via a business combination with Cantor Equity Partners, a Cantor Fitzgerald-sponsored SPAC.
How much bitcoin did it launch with?
It was expected to launch with more than 42,000 BTC, contributed by its sponsors in exchange for shares priced at $10 each.
What was the company valued at?
The transaction implied a pro-forma enterprise value of about $3.6 billion, based on a bitcoin spot price of $84,863.57 as of April 21, 2025.
Sources
Facts on this page were verified against the following sources.