Bitcoin surpassed $120,000, attracting Wall Street's interest in new ways to invest in the cryptocurrency. One approach involves publicly traded companies, like Twenty-One Capital, which hold Bitcoin in their treasuries. CEO Jack Mallers believes investing in firms focused on accumulating Bitcoin provides better access to this asset class. This model, inspired by MicroStrategy and supported by firms like Tether and Softbank, aims to simplify Bitcoin investments for traditional investors without complex instruments. Twenty-One Capital is set to go public following its merger with Cantor Equity Partners.
"What makes us uniquely different than an ETF is we're an operating company, so we're founded as a Bitcoin business with a core goal of increasing what we call Bitcoin per share."
"Our goal is to be the best way for the capital markets to participate in this Bitcoin story."
"What we figured is we would put together a vehicle and a business that solves that problem. I'm making Bitcoin more useful to the world."
"With capital trapped in public markets, companies like Twenty-One allow investors to gain exposure to the asset class without having to use crypto exchanges or self-custody their Bitcoin through more complex instruments."
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