Twenty One Capital, a new Bitcoin treasury company led by Strike founder Jack Mallers with the support of Tether, SoftBank, and Cantor Fitzgerald, aims to become the premier Bitcoin investment option in India. The company intends to outshine Michael Saylor’s Strategy by offering a more capital-efficient Bitcoin exposure for investors. Twenty One disclosed its plan to launch with 42,000 Bitcoin (BTC) valued at $3.9 billion, with significant contributions from Tether, Softbank, and Bitfinex. The firm is set to go public through a blank-check merger with Cantor Equity Partners, with plans to list on Nasdaq under the ticker XXI. Twenty One aims to raise $585 million through convertible bonds and equity financing. The company’s goal is to establish itself as a leader in the Bitcoin space, focusing on Bitcoin-native operations and strategic capital raises. By comparing its model to Strategy’s, Twenty One believes it can offer a superior investment vehicle for Bitcoin exposure. The firm also plans to offer various Bitcoin-focused products and services, including debt and equity products, advisory services, lending platforms, and educational programs to promote Bitcoin adoption and literacy. The partnership between Tether, Bitfinex, and SoftBank will see Twenty One majority-owned by Tether and Bitfinex, with SoftBank holding a significant minority stake. This move is expected to further strengthen Tether’s relationship with Cantor, which manages US Treasury reserves backing USDT. The news of Twenty One Capital’s launch has already led to a significant price rally in Cantor Equity Partners shares, indicating strong market interest in the venture. With its innovative approach and strategic partnerships, Twenty One Capital is poised to make a significant impact on the Bitcoin investment landscape in India.