Twenty -one capital, the Bitcoin Treasury firm (BTC) backed by Tether and Softbank, plans to add 5,800 BTC to its reservations before a public list through its fusion with Cantor Equity Partners, the firm said Tuesday.
The contribution, directed by Tether as part of an existing agreement, would take the total holdings of twenty -one years of more than 43,500 BTC, more than $ 5 billion at current prices, positioning it as the third largest corporate treasure behind Microstrategy and Tesla.
Twenty -one CEO Jack Mallers, who also leads the bitcoin -centered payment application strike, tied the accumulation strategy with Bitcoin’s fixed supply, calling it “the most scarce” during a Tuesday’s interview with Bloomberg TV.
He said that price increases could accelerate as institutional and sovereign buyers compete for limited supply.
“If you want more Bitcoin, you are not going to the Bitcoin factory. You have to get up in price,” he said. “Is there enough bitcoin for me in 120,000? No, it’s fine. 130k, 140k, 150k?”
Mallers suggested that the growing demand of ETFs and possibly national states could force the rapid discovery of prices.
“Bitcoin is inelastic to demand,” he said, adding that market participants “will find the offer they are looking for, they will only have to obtain it at a higher price.”
The company will also introduce a “Bitcoin per action” metric to allow investors to track holdings directly instead of gains.
Tether and Bitfinex will continue to be the majority owners of twenty -one years after the list, with SoftBank with a minority participation. The actions are expected to be negotiated under the “XXI” ticket at the end of the agreement, waiting for regulatory approvals and shareholders.
The firm says that all holdings will be auditable in real time through the reservation test in the chain.
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