On Tuesday, according to a securities filing, Twenty One Capital, a newly established investment vehicle founded by Jack Mallers, successfully acquired 4,812 Bitcoin tokens valued at $458.7 million. Backed by prominent entities such as Tether, Cantor Fitzgerald, and SoftBank, this special purpose acquisition company (SPAC)-originated firm signifies a new era of corporate Bitcoin accumulation.

This acquisition marks the first significant Bitcoin purchase made by Twenty One Capital since its establishment in late April, indicating the beginning of an aggressive Bitcoin accumulation strategy inspired by Michael Saylor's approach. The allocated Bitcoin, termed \"Initial PIPE Bitcoin,\" was initially obtained by Tether, the USDT issuer and majority shareholder of Twenty One Capital. The transaction was structured as part of a private investment in public equity (PIPE) deal utilizing gross proceeds from convertible notes.

Following the business combination that formed the publicly listed entity, Tether transferred the BTC to Twenty One Capital for $458.7 million. Currently trading under the ticker CEP, the company holds an impressive $4.05 billion worth of Bitcoin, making it the third-largest corporate holder of Bitcoin after Strategy and Marathon Digital. During its inception, the company seeded its treasury with $3.6 billion in BTC via a SPAC merger with Cantor Equity Partners.

Under the leadership of Jack Mallers, the founder of the Bitcoin payment application Strike, the firm is primarily owned by Tether and Bitfinex, with SoftBank holding a minority stake. This transaction mirrors a rising trend among corporations to adopt a Bitcoin-centric balance sheet, utilizing it as a safeguard against fiat currency devaluation and centralized risks.

Bitcoin pioneer Max Keiser dubbed this strategy \"Saylorization,\" naming it after Michael Saylor, whose company MicroStrategy—now known as Strategy—has been leading corporate Bitcoin purchases since 2020. The Saylorization strategy is gaining popularity worldwide; Japan-based Metaplanet recently issued $15 million in bonds to expedite Bitcoin acquisitions. Similarly, El Salvador is embracing the Bitcoin bond mechanism. Notably, Metaplanet recently surpassed El Salvador with a $126.7 million Bitcoin purchase just prior to issuing those bonds.

Max Keiser recently forecasted that corporations adopting this strategy could propel Bitcoin to $2.2 million per coin. The outspoken Bitcoin advocate and advisor to El Salvador also mentioned that the emergence of SPAC-driven entities like Twenty One Capital might hasten this timeline.

Unlike conventional tech companies that hold BTC on the side, Twenty One Capital is fundamentally designed as a Bitcoin-native entity. This involves using equity and convertible debt as tools to accumulate more BTC. This strategy reflects a larger shift where companies are no longer merely dabbling in crypto but are instead integrating it into their business models.

This move intensifies competition with entities such as Metaplanet, which BeInCrypto reported has recently increased BTC purchases through bond offerings. Twenty One Capital's collaboration with powerhouses like Tether, Bitfinex, and Cantor Fitzgerald provides it with a distinct advantage in terms of liquidity, market access, and global infrastructure. This latest acquisition transcends mere emulation of Strategy, as Twenty One Capital is actively challenging it.

As corporate Bitcoin balance sheets gain traction, Twenty One Capital's bold entrance might signal a second wave of institutional fear of missing out (FOMO). However, this time around, SPACs, sovereign-linked funds, and stablecoin giants are fueling this sentiment.

According to BeInCrypto data, Bitcoin was trading at $103,862 at the time of writing, representing a moderate 1.37% increase over the past 24 hours.

以上内容由悟空财富根据公开信息整理，与本站立场无关，如存在问题请联系我们，本文为数据整理，不对您构成任何投资建议，投资有风险，请谨慎决策。