Emre Yumlu 
In a bold move signaling the rising confidence of institutional players in crypto, Twenty One Capital has significantly ramped up its Bitcoin holdings ahead of its upcoming IPO. The firm is set to receive an additional 5,800 BTC from Tether, bringing its total reserves to over 43,500 BTC. This strategic accumulation underlines the growing institutional appetite for digital assets and further cements Bitcoin’s role as a core portfolio asset.
Now the Third-Largest Corporate Bitcoin Holder
With over 43,500 BTC in its treasury, Twenty One Capital now ranks as the world’s third-largest corporate Bitcoin holder. The company’s average acquisition price hovers around $87,280 per BTC, signaling both long-term conviction and robust capital backing. Far from being a speculative play, this positioning is part of a broader strategy supported by high-level partnerships and serious liquidity.
IPO on NASDAQ and the Birth of “Bitcoin Per Share”
Once the firm goes public, its shares will be listed on NASDAQ under the ticker symbol “XXI“. However, Twenty One Capital plans to go beyond traditional financial metrics. The company aims to introduce a novel performance indicator: Bitcoin Per Share (BPS). This metric will enable investors to track the BTC amount represented by each share, reframing portfolio evaluations through a Bitcoin-native lens rather than USD-based earnings.
Transparency Through On-Chain Verification
One of the most innovative aspects of Twenty One Capital’s approach is its full commitment to on-chain transparency. Every unit of BTC held is verifiable via blockchain, providing real-time validation through a “Proof of Reserves” mechanism. Investors can explore wallet data and holdings at xxi.mempool.space, offering a level of accountability rarely seen in traditional finance or even many altcoin projects.
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