Twenty One Capital Tops 43,500 Bitcoin Before SPAC Listing

Twenty One Capital has increased its Bitcoin holdings to over 43,500 BTC, surpassing its original target by 1,500 BTC. The firm, backed by Cantor Fitzgerald, Tether, Bitfinex and SoftBank, acquired roughly 5,800 BTC from Tether, bringing its treasury to $5.13 billion at current prices. Unlike many peers, it employs a debt-free strategy and plans to go public via a SPAC merger with Cantor Equity Partners. This milestone underscores a broader corporate trend of Bitcoin accumulation and intensifies competition for scarce BTC.
Bullish
This news is bullish for Bitcoin as it reflects significant demand from a high-profile corporate treasury. In the short term, the announcement can fuel upward price momentum by highlighting fresh buying pressure. Long term, Twenty One Capital’s debt-free accumulation and SPAC listing signal strong institutional confidence and continued corporate adoption, which reduces circulating supply and supports sustained price appreciation.