Twenty One Capital (NASDAQ: CEP), a Bitcoin treasury firm founded by Strike CEO Jack Mallers, has raised an additional $100 million through the sale of convertible notes, bringing its total capital raised to $685 million.
The update was disclosed in an amended 8-K filing submitted on Thursday.
The new funding follows previous capital raises, which included $385 million in convertible notes and a $200 million private investment in public equity (PIPE) deal. Key investors in the venture include Tether and SoftBank, both of which have backed the company’s aggressive Bitcoin acquisition strategy.
Expanding Bitcoin Reserves
According to the filing, Twenty One Capital will use the latest proceeds to further increase its Bitcoin holdings. Earlier this month, the company added $458 million worth of BTC to its balance sheet. Additionally, the firm absorbed $3.6 billion in Bitcoin as part of a recent merger transaction, bringing its total Bitcoin reserves to over $4 billion.
A New Institutional Bitcoin Powerhouse
Positioning itself as a modern Bitcoin treasury vehicle, Twenty One Capital aims to mirror the long-term holding strategies of firms like MicroStrategy, while also leveraging financial tools such as PIPE deals and convertible debt to accelerate its asset accumulation.
The firm’s aggressive BTC strategy, combined with support from major institutional investors, signals growing corporate interest in direct Bitcoin exposure through public equity structures.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/twenty-one-capital-secures-fresh-capital-to-deepen-bitcoin-reserves/