Twenty One Capital Discloses BTC Reserve Details: Approximately 23,950 BTC from Tether, 10,500 BTC from SoftBank
In an investor report filed with the U.S. Securities and Exchange Commission, Bitcoin company Twenty One Capital disclosed that it would launch with a reserve holding of over 42,000 BTC, including approximately 23,950 BTC from Tether, 10,500 BTC from SoftBank, and 7,000 BTC from Bitfinex. The company intends to convert its Bitcoin reserves into equity at a price of $10 per share. Twenty One also stated that compared to the business model of Strategy (formerly MicroStrategy), they may be a “superior investment vehicle” for investors seeking capital-efficient Bitcoin investments.
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