Twenty One Capital first bitcoin purchase

[peter0425]

This move was initially started by Tether as it acquires bitcoin on May 9th before then transferring the bitcoin to a wallet selling it to Twenty One Capital. The purchase was valued at $458.7 Million. This first move is said to be only the tip of the iceberg as this only signals the start of the institution. It was said that they plan to launch with 42,000 bitcoins and as reported they have 31,500 bitcoins to date.


“Our mission is simple: to become the most successful company in Bitcoin,” Mallers said at the time.

They definitely are looking to competing with Microstrategy. I thought that Microstrategy was way too ahead for anyone to catch up to but maybe Twenty One Capital can or at least attempt to. They certainly are following Microstrategy's approach to acquiring bitcoin.

[MinoRaiola]

I also read it this morning and think...maybe a second giant is coming and wants to buy a lot of Bitcoin. Normally it would be better if millions of people bought bitcoins, but at the moment there are probably more strategyBTC and capital one communities. The betting race has begun and I think there are many others in the background who are now falling into FOMO and go to buy bitcoins for their reserves.

More competition - more fun times ahead, what else can I say

Demand is rising.

[bitzizzix]

Good news, but when compared to Microstrategy, clearly no one can beat Microstrategy which started as an investment strategy in 2020 and has now become their main mission and until March 2025 Microstrategy has collected almost 555,450 Bitcoins making it the public company with the largest Bitcoin ownership in the world and maybe that number is only temporary which will later allow them to collect even more.

And this is good news as well as an example and also proof that in the end there will be many new companies or investors from various circles who will eventually adopt Bitcoin and compete to have lots of Bitcoins.

[Ruttoshi]

Wow...let the competition begin. Looks like this is the kick start of all those big whales and government who has plans in having bitcoin strategy reserve. I have been hoping to see twenty one capital make their first purchase of bitcoin and here they go. A big purchase of $458.7M in the bull market for a start. This is good news to the market.

If these companies and countries who has plans in buying bitcoin all starts buying bitcoin just like twenty one capital has done now, we might see bitcoin price not experiencing much dip in the next bear market because they might be no sad news that will lead to a drastic dip below $40k.

[notocactus]

Good news, but when compared to Microstrategy, clearly no one can beat Microstrategy which started as an investment strategy in 2020 and has now become their main mission and until March 2025 Microstrategy has collected almost 555,450 Bitcoins making it the public company with the largest Bitcoin ownership in the world and maybe that number is only temporary which will later allow them to collect even more.

And this is good news as well as an example and also proof that in the end there will be many new companies or investors from various circles who will eventually adopt Bitcoin and compete to have lots of Bitcoins.

It is not right to say noone, no institutional investors can beat Strategy in Bitcoin investment. There are many companies that are bigger than Strategy in their company values and budget for investments so if they want, they can invest their company treasury in Bitcoin and if they are serioulsy want to beat Strategy in terms of Bitcoin holdings, they can do this.

The challenge for those companies which are latecomers compare to Strategy, is they will have to buy bitcoin at higher prices and by creating purchase demand as well as hype on the market, they boost the price up that have kind of negative impacts on their entries and corresponding needed budget for acquiring bitcoin. It's big disadvantage of latecomers but I believe Strategy is not like an unbeatable Bitcoin institutional investor.

[hero_the_bossman]

Wow...let the competition begin. Looks like this is the kick start of all those big whales and government who has plans in having bitcoin strategy reserve. I have been hoping to see twenty one capital make their first purchase of bitcoin and here they go. A big purchase of $458.7M in the bull market for a start. This is good news to the market.

If these companies and countries who has plans in buying bitcoin all starts buying bitcoin just like twenty one capital has done now, we might see bitcoin price not experiencing much dip in the next bear market because they might be no sad news that will lead to a drastic dip below $40k.

I would say we would go to 60k-70k, but only time will tell.

Anyways, countries are no companies - they won't be so hasty because big companies start working with BTC, but they will start taking notice (if not done before).

[Orange89]

Seeing Twenty One Capital buy nearly that's worth around half a billion dollar of worth Bitcoin looking pretty exciting
Looks like more big players are finally taking the crypto seriously that's good news for us
While you are correct and @bitzizzix  also mentioned that MicroStrategy is still way ahead it is definitely cool to see the other jump in & try to catch up More company buying the Bitcoin means it's getting the more attention, more adoption & maybe even more gainS upcoming 😁

[Lucius]

~snip~
The challenge for those companies which are latecomers compare to Strategy, is they will have to buy bitcoin at higher prices and by creating purchase demand as well as hype on the market, they boost the price up that have kind of negative impacts on their entries and corresponding needed budget for acquiring bitcoin. It's big disadvantage of latecomers but I believe Strategy is not like an unbeatable Bitcoin institutional investor.

You could say they're a little late to the party, but that doesn't mean they won't try to have fun, given that they have the desire and the means to do so. A lot of money is sitting, let's say "unused", and it is about hundreds of billions of dollars (or even trillions) that are just waiting for the right opportunity, and the only question is whether BTC will attract their attention.

I think there are a lot of "rich" people who think "if I didn't buy BTC at $1000, I'm definitely not going to buy it now at $100k because that would be a stupid move." Of course, not everyone thinks so, but some will never come to terms with the fact that they fell under the influence of people like Warren Buffett and the like who have had a very negative opinion about BTC for more than 10 years - and they still think the same today.

[Dunamisx]

This is a continuous development to the bitcoin network and not the buyer alone, because we have more reasons to see the use case of bitcoin going wide and its adoption increasing to a non resistible extent, now we can start more counting on related decisions like this because gradually, bitcoin is turning a universal mainstream digital currency which USD may not catch up with any longer with time, we awaits to see more of these together with adoption for legal tender.

[fikrett]

This is a continuous development to the bitcoin network and not the buyer alone, because we have more reasons to see the use case of bitcoin going wide and its adoption increasing to a non resistible extent, now we can start more counting on related decisions like this because gradually, bitcoin is turning a universal mainstream digital currency which USD may not catch up with any longer with time, we awaits to see more of these together with adoption for legal tender.

BTC won't become the changer for USD, but it may become an alternative for the bigger operations as of now.

For smaller things - there is no way for BTC to become mainstreamed as a currency.