MicroStrategy 2.0: Tether, Bitfinex, SoftBank, and Cantor form Twenty-One with a BTC treasury of 39 billion dollars
Block-Builders.de was granted an exclusive insight into the strategy, which has quickly been dubbed MicroStrategy 2.0 by insiders of the scene. A new company named “Twenty-One” is formed with prominent investors and has announced that it wants to achieve a dominant market position with a Bitcoin treasury of up to 39 billion dollars.
Who is behind Twenty-One?
Twenty-One’s lead investors are Tether and Bitfinex, renowned actors and driving forces in the crypto sector. Tether Holdings Limited, based in Hong Kong, issues the largest stablecoin in the world, while Bitfinex is considered one of the most influential crypto exchanges globally. They are joined by SoftBank and Cantor Fitzgerald. SoftBank, the Japanese tech investment giant led by Masayoshi Son, is investing a significant sum, and Cantor Fitzgerald, a classic Wall Street firm, signals intentions to expand its business model broadly into the crypto sector.
Details about Twenty-One’s BTC strategy
Twenty-One’s plans highlight a consistently growing BTC treasury model. Through synergies between stablecoins and exchanges, typical price fluctuations of Bitcoin can be efficiently captured. A three-tier strategy is used, consisting of holding, strategic trading, and expansion through upcoming BTC mining initiatives.
What’s the impact on the Bitcoin market?
This move will narrow the supply of Bitcoin, exerting more pressure on traders and investors. But Twenty-One’s goal is not just profit maximization in Bitcoin trading but also achieving a status similar to MicroStrategy by holding significant amounts of Bitcoin.
Conclusion
Twenty-One’s approach introduces a new player to the field that combines both financial strength and deep crypto expertise. While MicroStrategy has set paths, Twenty-One wants to take new avenues, thereby putting pressure on other market giants to adapt or counter.
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