Cantor Fitzgerald, supported by Twenty One Capital, has considerably increased its Bitcoin holdings (BTC), expanding its treasure beyond the amount announced during the launch, highlighting the acceleration race to accumulate digital assets.
Bitcoin cash company, which was launched in April with mission to raise digital assets, added about 5,800 BTCs from Stablecoin Tether, Bloomberg reported on Tuesday.
According to Bloomberg’s estimate, Total Bitcoin Holdings of Total Bitcoin by Twenty One Capital has now reached at least 43,500 BTC, or about 1,500 BTC more than the company had initially planned.
At current prices, twenty -year -old bitcoin holdings earned around $ 5.13 billion.
In addition to its links with Cantor Fitzgerald, Twenty One Capital is supported by Cryptographic Companies Tether and Bitfinex, as well as the SoftBank venture capital giant. Its planned merger with Special Purpose Acquisition Company (SPAC) Cantor Equity Partners will open the way to twenty-one capital to become a public.
As Cointtelegraph reported on June 3, Tether transferred 37,27,229.69 BTC to contact the addresses associated with twenty-one capital as part of the Bitcoin’s initial commitment of the company.
The company is led by the CEO of Strike and the defender of Bitcoin Jack Mallers.
In relation: The strategy expands privileged actions at $ 2 billion in the middle of the rally fueled by Bitcoin – Report
The rise of Bitcoin cash flow companies
Twenty-one Capital is one of the many companies accumulating Bitcoin following the strategy of Michael Saylor, which has acquired more than 607,000 BTC since mid-2020.
Unlike the strategy and other companies, however, twenty one capital did not reluctantly relied on the debt to finance its Bitcoin purchases. Despite this, his participations quickly approach those of Bitcoin Miner Mara Holdings, who has raised 50,000 BTC.
Alongside Mara, Bitcoin Miners Riot Riot Platform, Cleanspark and Hut 8 are among the biggest business BTC holders. As Cointelegraph reported, this reflects an increasing “Hodl strategy” which resurfaced in 2024, minors aimed at keeping a large part of their extract bitcoin, partly in anticipation of future price gains.
Beyond mining companies, several non-crypto companies have also added Bitcoin to their balance sheets, including the manufacturer of Japanese textiles Kitabo, the medical technology company Semler Scientific and Electric Powersports Company Volcon.
Review: Crypto Traders `Fool themselves’ with price forecasts: Peter Brandt
