Twenty One Capital CEO Jack Mallers explained the company’s strategy and how the markets have misinterpreted the company in an interview with Bloomberg Crypto.
Mallers, while highlighting Twenty One Capital’s transformation into a publicly traded cryptocurrency company through a merger with special purpose acquisition firm Cantor Equity Partners, delivered his clearest message regarding Bitcoin assets on the balance sheet: The company does not plan to sell its existing Bitcoins or use debt financing through equity issuance as a growth tool.
Twenty One Capital, a subsidiary of Cantor Fitzgerald LP, was launched through a partnership between stablecoin issuer Tether Holdings and SoftBank Group. The company currently holds approximately $3.9 billion worth of Bitcoin and positions itself as a “Bitcoin company.” Mallers emphasized that despite this size, the company is not a “Bitcoin treasury company,” aiming to finance future Bitcoin accumulation not through borrowing or selling existing assets, but by creating products, businesses, and sustainable cash flow.
According to Mallers, the market hasn’t yet fully grasped what Twenty One Capital is building. He acknowledged this as natural, noting that the company is still very new to the capital markets and that it will take time for investors to digest this model. Highlighting the management team and partnership structure, Mallers argued that strong global equity partners like Tether and SoftBank are the most important guarantee of the company’s long-term vision.
The company’s activities are not limited to holding Bitcoin. Twenty One Capital plans to develop financial infrastructure solutions for Bitcoin, as well as produce content in the media and education sectors.