Jack Mallers, founder of Strike, will serve as CEO of Twenty One Capital

According to The Block, Jack Mallers, the founder of Strike, will serve as the CEO of Twenty One Capital, a newly established Bitcoin investment company led by Tether and supported by SoftBank and Cantor Fitzgerald. The company has an initial Bitcoin reserve of $3.6 billion (over 42000 coins), making it the third largest BTC holding among listed companies. Twenty One will go public through SPAC and plans to promote the development of Bitcoin financial products and related content, with the stock code CEP. Related reading: Masayoshi Son plans to collaborate with stablecoin giant Tether to build a $3 billion cryptocurrency joint venture, marking the entry of Bitcoin hoarding strategy into the 2.0 era?