Bitcoin: 3.9 billion transferred to Twenty One Capital, third largest corporate holder

In recent days, Bitcoin has experienced significant movements with the transfer of nearly 3.9 billion dollars in BTC to Twenty One Capital, a Bitcoin-native financial platform led by Jack Mallers, CEO of Strike. 

This transaction strengthens the position of Twenty One as the third largest corporate holder of Bitcoin in the world, behind only Strategy and MARA Holdings.

Pre-funding of the SoftBank investment in Twenty One Capital

The overall transfer involves 37,229.69 Bitcoin, equivalent to about 3.9 billion dollars, divided into multiple transactions carried out mainly by Tether and Bitfinex. 

Paolo Ardoino, CEO di Tether, has published details on two significant transfers totaling 11,417 BTC, equivalent to approximately 1.2 billion dollars.

One of the most significant transactions involves 10,500 Bitcoin transferred to an address linked to SoftBank’s investment option in the Twenty One Capital platform.

Ardoino specified that this move represents a pre-financing phase of SoftBank’s investment, highlighting the growing interest of institutional investors towards native Bitcoin solutions.

In addition to this operation, Tether sent 917 BTC (approximately 96 million dollars) to a wallet associated with converted investors, who hold equity rights in the project. 

These movements show a mix of strategies that include both the accumulation of Bitcoin and social capital, aimed at the development and expansion of the platform.

The previous day, Ardoino documented three transactions that involved a total of 25,812 BTC, with an estimated value of 2.7 billion dollars. 

Among these, a transfer from Bitfinex of 7,000 Bitcoin stands out, an action comparable to a direct investment in Twenty One itself.

Additionally, Tether has moved 14,000 Bitcoin and an additional amount of 4,812.22 BTC, approximately 500 million dollars, intended for pre-funding the initial capital raising of the platform. 

These capitals are fundamental for the development of a more efficient and integrated market infrastructure for financial products based on Bitcoin.

Twenty One Capital: a new infrastructure for Bitcoin-native markets

The stated goal of Twenty One Capital is to build a financial markets infrastructure native to Bitcoin. 

An ambitious project that aims to enable operations such as lending, custody, and the issuance of assets directly on the Bitcoin network itself, avoiding intermediary layers. 

This approach aims to innovate the way digital assets are managed, reducing costs and complexity.

Twenty One Capital has announced the intention to go public through a merger with a SPAC, Cantor Equity Partners, part of Cantor Fitzgerald.

The operation values the company at 3.6 billion dollars, an important milestone for a company focused exclusively on Bitcoin and the connected services.

With these transactions, Twenty One Capital positions itself as the third largest corporate holder of Bitcoin worldwide. 

The podium is still occupied by Strategy (formerly MicroStrategy), known for its strategic assembly focused on the accumulation of BTC, and by MARA Holdings, a company with a strong orientation towards Bitcoin mining.

These mass transfers also highlight an important debate about transparency in the management of digital assets. 

Michael Saylor, executive chairman of Strategy, has expressed criticism about the practice of publishing proof of reserves onchain, judging it a security risk. According to him, exposing oneself in this way could compromise the protection of issuers, custodians, exchange and investors.

However, blockchain analysis companies like Arkham Intelligence claim to have identified 87% of Strategy’s Bitcoin reserves, showing how onchain transparency is technically possible and in use, albeit controversial in the sector.

Perspectives for the Bitcoin Ecosystem

These events indicate a maturation phase for Bitcoin as a financial asset and market infrastructure. 

The growing participation of large institutional investors, such as SoftBank, and the development of specialized platforms like Twenty One Capital indicate an increasingly concrete interest in the potential of Bitcoin beyond mere speculation.

However, the balance between transparency and security remains a crucial issue to address in order to ensure trust and stability in the sector. 

Experiments like those of Twenty One Capital could facilitate the creation of more structured and secure markets, while simultaneously supporting the global adoption of Bitcoin.

For those who follow the sector, it is essential to monitor the evolution of native Bitcoin infrastructures and carefully evaluate investment strategies and management of digital assets. 

This new scenario offers many opportunities, but it also requires a deep understanding of both the technical advantages and the security implications.

The recent transfer of 3.9 billion dollars in Bitcoin in favor of Twenty One Capital represents a key milestone in the life of the crypto ecosystem. 

In particular, emphasizing the growing importance of innovative financial instruments and the institutional approach towards Bitcoin as a strategic asset. Staying updated on these dynamics is essential to fully understand the future of digital finance.