Bitcoin Titans Unite: Tether, SoftBank, Bitfinex, and Cantor Launch ‘Twenty One’ to Outstack MicroStrategy

Thu Apr 24 2025
Forget fiat. Tether, SoftBank, Bitfinex, and Cantor Fitzgerald just joined forces to launch Twenty One — a new Bitcoin-only public company built to challenge MicroStrategy’s BTC dominance.

🥇 Bitcoin’s New Power Squad: Twenty One Is Here to Stack Harder Than Saylor

Bitcoin maximalists, meet your new corporate champion.

In a move that feels like Michael Saylor’s nightmare and Max Keiser’s dream, four heavyweights — Tether, SoftBank, Bitfinex, and Cantor Fitzgerald — are teaming up to launch Twenty One: a public company designed to hoard Bitcoin and flip the script on fiat-driven finance.

First reported by The Financial Times, the plan is unapologetic:
Buy Bitcoin. Build Bitcoin products. Broadcast Bitcoin culture.


💣 $3 Billion in Bitcoin Locked and Loaded

This isn’t your average corporate treasury play. Here’s the breakdown:

  • 💰 $1.5 billion in BTC from Tether
  • 💰 $900 million from SoftBank
  • 💰 $600 million from Bitfinex

All these positions will convert into equity at $10 per share, pricing Bitcoin at $85,000 — signaling ultra-bullish confidence straight out of the gate.

Forget quarterly earnings in dollars. Twenty One’s mission is to maximize Bitcoin holdings, not fiat profits.


👊 The Vision: Out-MicroStrategy MicroStrategy

Call it “Saylor, but louder.”

While MicroStrategy famously stacked over 538,200 BTC (and watched its stock moon 150%+), Twenty One is aiming to level up the game:

  • Publicly listed
  • Bitcoin on the balance sheet as the core thesis
  • A pipeline of Bitcoin-native financial products
  • A media arm to push Bitcoin content and education globally

At the helm? Jack Mallers, CEO of Strike and one of Bitcoin’s loudest and proudest voices.


🏦 More Than HODL: Bonds, Private Placements, and Bitcoin-Only Strategy

Twenty One isn’t just dropping treasury cash into BTC. It’s building out a full capital stack:

  • 💸 $350 million convertible bond
  • 💸 $200 million private equity placement

That means more dry powder for Bitcoin buys — without relying on risky speculative debt structures like MicroStrategy has been criticized for.

This is BTC stacking on corporate steroids.


🇺🇸 The Trump Effect and Perfect Timing

The launch lines up with a pro-Bitcoin policy wave from the Trump administration, which has pledged to roll back regulatory attacks on crypto.

With D.C. turning bullish and the ETF-driven Bitcoin supply squeeze already in motion, Twenty One’s public debut could hit the market at exactly the right moment.


📢 The Bigger Play: Bitcoin Culture, Not Just Balance Sheets

The team’s ambition isn’t just to be rich in sats. They’re planning a suite of Bitcoin-centric media content and financial tools to onboard the next generation of holders.

Think Bitcoin Netflix meets Wall Street Journal, powered by Tether and friends.

This isn’t just a treasury strategy. It’s Bitcoin-first capitalism, built for the attention economy.


🧠 TL;DR

  • Tether, SoftBank, Bitfinex, and Cantor Fitzgerald are launching Twenty One, a Bitcoin-only public company.
  • Backed by $3 billion in BTC from the start — and raising more through bonds and private equity.
  • Positioning itself as the “anti-MicroStrategy” — stacking Bitcoin harder, faster, louder.
  • Plans include financial products, media content, and BTC-first education tools.
  • Launch comes as Trump-era crypto policies turn friendly, giving the project serious tailwinds.

Forget Saylor’s maxis. The Bitcoin corporate arms race just got a new player — and Twenty One is coming for the crown.

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