According to a July 29 statement, Bitcoin investment company Twenty One Capital is set to receive 5,800 BTC from Stablecoin issuer Tether.
This influx brings the company’s total Bitcoin holdings to over 43,500 BTC, making it the third largest company holder in the world. Ranked right behind Marathon Digital and Strategy (previously Micro Strategy).
At the time of reporting, over 4,700 BTC had already been moved to wallets in 21 capitals. It pushes its stash to 43,343 BTC, according to on-chain data. This is valued at $5.1 billion..
Bitcoin per share
Twenty One Capital is planning to publish a metric called Bitcoin per share (BPS) to provide more transparency to investors. This number represents the amount of Bitcoin that supports a fully diluted company stock.
Unlike traditional company-by-share revenue models, BPS allows shareholders to track performance directly in Bitcoin terms.
The company said each share of the new company is expected to represent Satoshi, which has around 12,559 people.
Meanwhile, the company also emphasized its lack of legacy debt, aiming to provide pure exposure to Bitcoin without the risk of unrelated business operations.
“We’re looking forward to seeing you in the future,” said Jack Mallers, CEO and co-founder of Twenty One Capital.
“Twenty One is a new kind of public company. It’s built on Bitcoin, backed by evidence and driven by a vision to rebuild the global financial system. Rather than being here to beat an existing system, we’re here to build a new system.”
Bitcoin Ministry of Finance
The Twenty One Capital move follows the growth trends of Bitcoin financial strategies that were first popularized by the strategy (formerly MicroStrategy).
More than 100 public companies have nearly 1 million Bitcoin on their balance sheets, according to data from Bitcoin Treasuries.
Meanwhile, critics raised concerns about the potential risks of aggressive accumulation in these companies.
However, market analysts like Joe Consorti, director of growth at Thea Bitcoin, resist these concerns.
According to him:
“Bitcoin Ministry of Finance Companies are not a systematic risk. They deploy conservative and intelligent leverage, and have been away from true scale for years. The actual risk is underexposure while the agency removes supply at an accelerated pace. ”