Twenty One Capital’s Bitcoin Holdings surpass early estimates, marking rapid Crypto Treasury Growth

Twenty One Capital the crypto treasury firm backed by Cantor Fitzgerald, Tether, Bitfinex, and SoftBank has quietly emerged as a major force in institutional Bitcoin accumulation. According to Bloomberg, the company’s Bitcoin holdings now exceed 43,500 BTC, outpacing initial projections and surpassing many industry peers. This move signals an intensifying race among leading institutions to amass Bitcoin as part of their corporate treasury strategies.

Twenty One Capital’s Bitcoin Stash Grows Beyond Projections

When Twenty One Capital launched in April, its stated goal was to become a top player in the Bitcoin treasury space. Now, after a recent acquisition of 5,800 BTC much of it transferred directly from stablecoin giant Tether the firm’s total stash stands at over 43,500 BTC, approximately 1,500 BTC more than first anticipated. At July 2025 prices, this trove is valued at approximately $5.13 billion.

Key Backers and Partners:

• Cantor Fitzgerald: Renowned Wall Street firm, providing both capital and credibility.
• Tether & Bitfinex: Adding strong ties to the crypto industry and facilitating large Bitcoin transfers.
• SoftBank: Venture capital muscle, signaling mainstream investor confidence.

Twenty One Capital’s rapid accumulation was also aided by a strategic merger plan with SPAC Cantor Equity Partners, which will allow the firm to go public opening its Bitcoin-focused financial model to a wider range of institutional and retail investors.

How Tether Fueled the Bitcoin Growth

Earlier this year, Tether completed a landmark transfer of 37,229 BTC to addresses associated with Twenty One Capital, fulfilling its original commitment and laying the groundwork for further acquisitions. With the additional BTC acquired in July, Twenty One Capital’s vault has grown faster than most observers expected, reflecting a coordinated commitment among key corporate partners to expand Bitcoin treasury reserves.

Standing Out in the Corporate Bitcoin Race

Twenty One Capital’s approach differs from other high-profile Bitcoin holders like Strategy (the Michael Saylor-led firm) or publicly traded mining companies such as MARA Holdings, Riot Platforms, CleanSpark, and Hut 8:

• Debt-Free Acquisition: Unlike Strategy, which leaned on debt to fund its 607,000+ BTC treasury, Twenty One Capital has relied on direct equity investment and strategic partnerships to build its Bitcoin reserves.
• Treasure Chest Rivalry: With over 43,500 BTC, the firm is closing the gap with MARA Holdings (50,000 BTC) and sits among the highest BTC-holding corporates globally.
• Broader Industry Context: Other publicly traded miners and non-crypto sector companies (e.g., Kitabo, Semler Scientific, and Volcon) have increased Bitcoin on their balance sheets, but Twenty One Capital’s agile, “debt-light” stash stands out in today’s landscape.

The Growing Bitcoin “Hodl” Movement

An increasing number of miners and publicly traded firms have resumed or ramped up their Bitcoin “hodl strategies” in 2024 and 2025. Rather than liquidating mined or acquired coins, companies are holding BTC as a strategic long-term asset, anticipating greater gains as institutional adoption grows and Bitcoin price volatility smooths.

• Riot Platforms, CleanSpark, Hut 8: Among the top corporate BTC holders, these firms showcase how miners are prioritizing balance-sheet Bitcoin holdings amid tightening supply and positive long-term price projections.
• Cross-Industry Adoption: Companies outside the crypto and mining industries, such as Japanese manufacturer Kitabo and medical tech firm Semler Scientific, signal a shift toward mainstream corporate crypto adoption.

Looking Ahead: Public Listing and Industry Leadership

With a planned merger paving the way for a public listing, Twenty One Capital is poised to further institutionalize Bitcoin treasuries making it easier for traditional and crypto-native investors alike to gain direct exposure to Bitcoin as a corporate asset class.

As Twenty One Capital’s BTC reserves balloon past early targets, they exemplify a new breed of treasury-first companies betting big on Bitcoin’s role in the future of finance and fueling the next wave of corporate crypto adoption.