On April 24, according to The Block, Jack Mallers, founder of Strike, will join the new cryptocurrency company Twenty One Capital (21 Capital) as CEO, which is controlled by stablecoin issuer Tether. The company is also supported by global financial institutions SoftBank Group and Cantor Fitzgerald, with its treasury set to hold $3.6 billion worth of Bitcoin at launch.
21 Capital will go go public listing by merwith Cantor Equity Partners SPAC. The company plans to continue accumulating Bitcoin on top of its existing reserves, providing institutional investors with a more traditional way to access Bitcoin without rather directly holding it.