Twenty One Capital, a Bitcoin-first firm led by Strike CEO Jack Mallers, is preparing to go public with plans to trade under the ticker XSI.
Backed by Tether, the company aims to become a dominant force in corporate Bitcoin accumulation.
Mallers revealed that once approved, the company will aggressively use its operational cash flow—not debt—to buy BTC. The strategy, he says, is designed to maximize long-term value and increase Bitcoin per share for investors.
Unlike traditional models, Twenty One Capital plans to develop Bitcoin-native financial products, such as lending and capital market tools, to gradually replace legacy financial infrastructure. The company’s broader mission is to reshape corporate finance around Bitcoin.
Already among the largest BTC holders, the firm has been making bold moves. In recent months, it acquired 4,812 BTC and received a $2.7 billion BTC transfer from Tether and Bitfinex, aiming to eventually hold 420,000 BTC.
Despite navigating regulatory hurdles with the SEC, Mallers remains confident in the new administration’s crypto stance and sees the upcoming listing as a milestone in corporate Bitcoin adoption.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/twenty-one-capital-set-to-go-public-with-bold-bitcoin-plan/