Last Week in Bitcoin: Jack Mallers Makes $2.7B Move

Last week, Jack Mallers made headlines with the launch of Twenty One Capital, a Bitcoin-only treasury firm that kicked off with a staggering 25,812 BTC in pre-funding from Tether and Bitfinex. 

In a year already full of crypto developments, this stands out as one of the boldest Bitcoin plays to date. With plans to go public and a target to rival MicroStrategy’s holdings, the timing and scale of this move are no accident. It signals growing institutional confidence in BTC as a strategic reserve, and shows how Mallers continues to shape the space in his own unapologetic style. 

What follows is a closer look at what happened, why it matters, and what it could mean for Bitcoin's role in institutional strategy.

Inside Twenty One Capital: Mallers’ Bold Treasury Bet

Announced last week, Twenty One Capital is Jack Mallers’ latest move and marks the launch of a new Bitcoin treasury firm. Its mission? Accumulate and hold Bitcoin as a long-term reserve asset.

The firm has already received 25,812.22 BTC in pre-funding from Tether and Bitfinex. That includes 14,000 BTC and 4,812.22 BTC from Tether, and 7,000 BTC from Bitfinex. This funding round is part of the firm’s initial equity raise and a broader strategy to accumulate Bitcoin reserves long term, with plans to take the company public via a SPAC under the ticker XXI. 

The fact that Twenty One Capital receives BTC directly into cold storage underscores its long-term, conviction-based strategy to become a major player in the Bitcoin treasury space.

It’s definitely a headline-making moment in Jack Mallers’ ongoing Bitcoin funding journey, one that signals a new level of institutional coordination around BTC.

Why Tether & Bitfinex Backed Mallers Last Week?

Last week’s 25,812 BTC transfer from Tether and Bitfinex to Twenty One Capital raised eyebrows for good reason. The move went beyond a routine endorsement. It reflected a clear strategic alignment with Bitcoin’s long-term role in global finance.

This investment:

• Helps launch a transparent Bitcoin investment vehicle
• Signals deep institutional conviction in Bitcoin
• Aligns with Tether’s public strategy of accumulating BTC
• Represents a high-impact example of crypto funding at scale

This partnership offers a clear example of how Tether is investing in Bitcoin, and reveals the rationale behind Bitfinex’s support for Mallers and his treasury model.

It’s one of the largest single crypto funding events of the year, highlighting how Tether and Bitfinex chose to strategically fund Twenty One Capital at a critical moment.

Can Jack Mallers Out-BTC MicroStrategy?

Fresh off last week’s announcement, Jack Mallers made it clear that Twenty One Capital is aiming big. The firm is targeting a total of 42,069 BTC, although only the first 25,812.22 BTC has been transferred so far. That puts it in direct competition with MicroStrategy, the current heavyweight in corporate Bitcoin holdings.

What makes Twenty One Capital different?

• Built from the start to be a Bitcoin-only treasury
• Backed by Tether and Bitfinex
• Committed to public transparency
• Positioned to impact BTC price through long-term accumulation

Whether it can surpass MicroStrategy remains to be seen, but the intent is clear. It’s also proof that the Bitcoin treasury firm model is gaining momentum fast.

Market Impact: What Last Week’s Move Signals

When over 25,000 BTC moves into a single firm in a single week, the market doesn’t just notice, it analyzes, speculates, and responds. 

Here’s what this shift signals:

• More institutional trust in Bitcoin as a treasury asset
• Increased pressure on public companies to follow suit
• Reduced BTC liquidity could influence BTC price trends
• A push for transparency and self-custody in large-scale holdings
• Highlights the growing relevance of Bitcoin as it gains deeper institutional context

To track future moves like this, you’ll want tools built for serious investors.

How to Store BTC Like an Institution?

Twenty One Capital isn’t keeping billions on an exchange, and you shouldn’t either. Store your BTC securely with Plus Wallet and take full control of your assets the way the pros do.

Here’s how Plus Wallet helps you store and manage your Bitcoin with confidence:

• Use Plus Wallet to store your BTC securely with full control
• Secure large BTC holdings with Plus Wallet’s non-custodial infrastructure, institutional-grade BTC storage
• Manage Bitcoin funding safely and transparently using Plus Wallet

Frequently Asked Questions

Q: What is Twenty One Capital by Jack Mallers?

A: A Bitcoin-only treasury firm backed by Tether and Bitfinex, designed to hold BTC as a long-term reserve.

Q: Why did Bitfinex and Tether send BTC to Jack Mallers? 

A: To support the launch of Twenty One Capital and expand their shared vision of a Bitcoin-based financial future. Reports also indicate SoftBank may participate in the funding round, although the amount and timing haven’t been disclosed.

Q: Is Twenty One Capital competing with MicroStrategy?

A: Yes. It plans to accumulate 42,069 BTC, positioning itself as a major corporate Bitcoin holder.

Q: How is Tether investing in Bitcoin?

A: By directly funding treasury-focused entities like Twenty One Capital and holding BTC as part of its reserve strategy.

Q: What’s the best wallet for large Bitcoin holdings?

A: Plus Wallet is the best wallet app for monitoring BTC inflows like 21 Capital’s. It offers secure, self-custodial storage and real-time tracking trusted by serious BTC holders.

Final Take

Last week’s Twenty One Capital’s Bitcoin news went beyond headlines. It started a broader conversation about Bitcoin’s growing presence in institutional finance. By securing over $2.7 billion worth of BTC upfront, Jack Mallers positioned his firm as a serious contender in the treasury arms race. 

The bigger picture here is momentum. Moves like this are steadily positioning BTC as a long-term reserve on corporate balance sheets. And that shift isn’t theoretical anymore, it’s live, it’s funded, and it’s happening.

Whether you're stacking sats or tracking whales, understanding these moments matters. They mark the transition from speculation to strategy, and underscores the continued relevance of Bitcoin news, BTC price trends, and the expanding role of the Bitcoin treasury firm as a strategic financial player.