Corporate Giants Dive into Bitcoin with $458 Million Bet: Is This the End of Fiat?

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In an audacious move, Jack Mallers’ newly launched investment venture, Twenty One Capital, has acquired 4,812 Bitcoin tokens, totaling a cool $458.7 million. Welcome to the future of corporate finance.

Backed by the mighty Tether, Cantor Fitzgerald, and SoftBank, this SPAC-born entity is clearly not just another Bitcoin dabble—no, this is a full-throttle push into the world of corporate Bitcoin hoarding. Could this be the dawn of a new economic order? Or just another bubble waiting to burst? You decide.

Twenty One Capital: The Big Bitcoin Play Worth $458.7 Million

The firm’s first massive Bitcoin purchase, made shortly after its inception in late April, marks the beginning of what can only be described as an aggressive BTC accumulation strategy. You may have heard of this—Michael Saylor’s infamous blueprint for success. Yes, that’s right, folks. They’re not just buying Bitcoin. They’re following in the footsteps of a man who’s turned corporate finance into a crypto battlefield.

The $458.7 million deal was structured as part of a private investment in public equity (PIPE) transaction, using gross proceeds from convertible notes. Why not? The whole world is doing it, and you’d be foolish not to join in, right?

Following the business merger that gave birth to this publicly traded entity, Tether—who else?—transferred the BTC to Twenty One Capital. The result? A staggering $4.05 billion in Bitcoin held by the firm, making it the third-largest corporate holder after Strategy and Marathon Digital. Not too shabby for a company that started only a few months ago.

Led by Jack Mallers, the man behind the Bitcoin payment app Strike, this firm is largely owned by Tether and Bitfinex. SoftBank? They’re just along for the ride, holding a minority stake. Not that they’re complaining.

This deal is part of the growing corporate shift to adopt a Bitcoin-native balance sheet, an attempt to hedge against fiat debasement and centralized risk. Because, you know, those dollars in your pocket aren’t what they used to be. Who wouldn’t want a piece of this digital gold?

Max Keiser, the Bitcoin evangelist, has a name for this phenomenon: “Saylorization.” It’s a term that honors Michael Saylor’s pioneering efforts to buy up Bitcoin like it’s going out of style. But Keiser isn’t just admiring from the sidelines. No, he’s got a bit more to say about Twenty One Capital’s role in all this.

“Twenty One Capital isn’t just stacking sats — it’s leading a generational shift in corporate capital allocation…Jack Mallers is taking the Saylor playbook and turning it into an arms race…For corporations to survive, they must mimic the Strategy’s process, they must ‘Saylorize’ or die,” Keiser told BeInCrypto. Strong words, but hey, the man’s got a point.

Globally, the Saylorization movement is gaining steam. Japan’s Metaplanet has issued $15 million in bonds to ramp up their Bitcoin buying spree. El Salvador? They’re on the Bitcoin bond train too. Metaplanet has even surpassed El Salvador’s efforts, securing $126.7 million in BTC just a day before issuing their bonds. Talk about keeping up with the Joneses.

Keiser has boldly predicted that this corporate adoption could skyrocket Bitcoin to a mind-blowing $2.2 million per coin. And with SPAC-driven entities like Twenty One Capital entering the fray, that timeline might not be as far-fetched as it sounds.

Unlike traditional tech firms that just dabble in Bitcoin, Twenty One Capital is designed to be Bitcoin-native at its core. They’re not playing around. Equity and convertible debt are their vehicles of choice to acquire more BTC. And it’s not just a side project—they’ve put all their chips on crypto. Welcome to the new age of business.

The competition? Oh, it’s fierce. Metaplanet, Japan’s self-proclaimed “Asian MicroStrategy,” has also stepped up their game, ramping up BTC acquisitions via bond offerings. But Twenty One Capital isn’t just mimicking Strategy—they’re challenging it head-on.

With backing from Tether, Bitfinex, and Cantor Fitzgerald, Twenty One Capital has an edge that’s hard to beat. Liquidity, market access, and global infrastructure—this company is practically built to dominate the Bitcoin space. And it’s only just getting started.

As corporate Bitcoin balance sheets continue to gain traction, this latest purchase by Twenty One Capital might just spark the second wave of institutional FOMO. But here’s the twist—this time, the FOMO isn’t just coming from traditional firms. SPACs, sovereign-linked funds, and stablecoin giants are leading the charge.

BeInCrypto data shows BTC was trading for $103,862 at the time of writing. That’s a modest 1.37% surge in the last 24 hours. Only a modest one? That’s cute.

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2025-05-14 10:34