Twenty One Capital, a corporate Bitcoin treasury seeking public listing on the US stock exchange, has announced that they’re increasing their holdings by 5,800 Bitcoins.
That puts their overall holdings at ~$5.1B, making them the third largest corporate Bitcoin holder. Currently, only Strategy and Mara Holdings own more Bitcoin at 628,791BTC and 50,000BTC respectively.
This is fantastic news if you’re a long-term Bitcoin investor. It proves that Bitcoin is being taken seriously in the corporate world. But Bitcoin is quite pricey now, and in that case, it’s worth taking a look at Bitcoin Hyper ($HYPER), a new crypto presale.
The project wants to upgrade the Bitcoin blockchain to modern standards – add dApp and smart contract compatibility, for one. Given the current bullish state of affairs, we believe $HYPER is looking at an explosive future.
Why Is Twenty One’s Acquisition Good for Bitcoin?
The team behind Twenty One Capital is confident that Bitcoin is the future of digital currency.
We believe Bitcoin deserves a public company worthy of its ethos. […] Twenty One is a new kind of public company: built on Bitcoin, backed with proof, and driven by a vision to reshape the global financial system. We’re not here to beat the existing system, we’re here to build a new one.
—Jack Mallers, Twenty One CEO, Twenty One Capital PR
As a publicly traded company, Twenty One Capital will trade under the ‘XXI’ ticker. Traders will be able to track its performance with a ‘Bitcoin per Share’ metric provided by Twenty One Capital.
And on-chain proof of the company’s Bitcoin holdings is available via xxi.mempool.space, providing full transparency for investors.
It’s pretty clear that confidence in Bitcoin is growing by the day. This much institutional adoption signals that it’s not just a speculative asset, but a long-term store of value that can perform better than traditional assets.
Case in point, Bitcoin grew by 77% in the last year, from ~$66K to $118K today, reaching an ATH of $123K in July.
Some traders are even beginning to think of Bitcoin as the equivalent of digital gold.
Bitcoin companies like Twenty One Capital adopting a Bitcoin-heavy portfolio shows that there’s a bright future for Bitcoin, as well as projects that seek to expand the reach or functionality of the Bitcoin network.
Projects like Bitcoin Hyper, which plans to upscale the Bitcoin blockchain to modern, 21st century standards.
Why Bitcoin Hyper?
Click Here to Read the Full Original Article at NewsBTC…
