Twenty One Unveils Transparent Bitcoin Proof of Reserves, Accumulates $3.9B BTC Backed by Tether and Bitfinex
Twenty One Capital, led by Jack Mallers and supported by major firms including Tether, Bitfinex, SoftBank, and Cantor Fitzgerald, has rapidly established itself as a major Bitcoin corporate holder by securing over 37,000 BTC (valued at approximately $3.9 billion). The firm recently went public about its Bitcoin Proof of Reserves, sharing five auditable wallet addresses to underscore transparency—a move directly addressing prevalent concerns over asset security following industry scandals. This public disclosure positions Twenty One as one of the world’s largest Bitcoin treasuries, soon to overtake Marathon Digital for the second spot globally, with a planned Nasdaq ticker change from ’CEP’ to ’XXI.’ By focusing on verifiable on-chain reserves, transparent financial metrics like Bitcoin Per Share (BPS), and Bitcoin Return Rate (BRR), Twenty One aims to set new industry standards for Bitcoin transparency and facilitate institutional adoption. The initiative highlights Bitcoin’s public auditability compared to opaque gold reserves, echoing calls from figures like Elon Musk and Rand Paul for similar transparency in traditional assets. The move aligns with heightened regulatory scrutiny and increasing investor demand for proof of reserves, potentially strengthening market trust and driving further institutional participation in BTC.
Bullish
The announcement by Twenty One Capital of over 37,000 BTC in transparent, auditable reserves—alongside institutional backing from Tether and Bitfinex and plans for public listing—strongly signals heightened trust and security in large-scale Bitcoin holdings. This unprecedented demonstration of proof of reserves addresses market concerns over asset safety, especially after several industry mismanagement scandals. Historical precedents indicate that such disclosures and transparency measures drive institutional adoption and support positive market sentiment. By positioning itself as a transparent and auditable treasury, Twenty One could attract further capital inflow into BTC, fostering price appreciation, both short and long term, as genuine holdings become more visible to a broad investor base.