In a pivotal vote at CEP's Extraordinary General Meeting, shareholders approved the Twenty One Capital business combination, backed by Tether and SoftBank investments, positioning the firm as a top public Bitcoin holder with 42,000 BTC.
The controversy exposes tensions in Bitcoin DeFi, where Lava's pivot from decentralized contracts to trusted fintech raises unlicensed lending fears, echoing past centralized failures.
Appearing on Bloomberg Crypto, Jack Mallers announced Twenty One Capital's plans to acquire over 43,500 BTC, positioning the firm as the third-largest corporate Bitcoin holder behind Strategy and MARA.
Backed by Tether and SoftBank, Twenty One Capital, led by Strike CEO Jack Mallers, will go public via a SPAC deal and launch with one of the largest Bitcoin treasuries in the world.
Jack Mallers reveals why Bitcoin isn't just an inflation hedge but the ultimate financial solution—highlighting its unmatched scarcity in a world where everything else multiplies like rabbits.