A Bitcoin treasury company built by Tether, SoftBank Group, Cantor Fitzgerald and Strike CEO Jack Mallers is preparing to transfer a huge amount of BTC.
According to Mallers, Twenty One Capital will soon move over 43,500 Bitcoin from escrow to its own custody ahead of an expected launch on the New York Stock Exchange.
[adinserter block="1"]The transfer, valued at $3,987,879,465 at time of publishing, will support the final steps of the firm’s merger.
Mallers announced the move in a video on X, stressing transparency as a core value drawn from Bitcoin.
“We derive our corporate culture, what motivates us – our business is derived from Bitcoin. Things like truth, transparency, authenticity.
As a part of this, we launched proof of reserves earlier this year. Proof of reserves allows anyone in the world, whether you’re a shareholder or not, to verify we do in fact own the Bitcoin we say we do.”
The Bitcoin-native company expects to finalize the merger on December 8th, and begin trading on the New York Stock Exchange under the ticker XXI on December 9th.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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