Bitcoin (BTC) Market Could Be on the Precipice of a New Era of Institutional Adoption as Twenty One Launches

We could be on the precipice of a new era of institutional Bitcoin adoption as a Bitcoin-native company called Twenty One is set to launch

A new Bitcoin-native company called Twenty One is set to launch with a treasury of 42,000 BTC and backing from crypto industry giant Tether, global investment firm SoftBank, and Strike founder Jack Mallers.

The company will debut as the third-largest corporate holder of Bitcoin, at least at the time of this report, putting it behind only Strategy and MARA Holdings.

At the time of writing, the company's 42,000 BTC would be worth a staggering $3.9 billion at current prices.

The company is being formed through a business combination with Cantor Equity Partners (NYSE: CEP), the SPAC arm of Cantor Fitzgerald, one of Wall Street’s most influential firms.

According to the official press release, Twenty One will launch with the aim to “accelerate the global adoption of Bitcoin as an open monetary network.”

The release notes that “with 42,000 BTC on its balance sheet, Twenty One is immediately positioned as a dominant force in the Bitcoin ecosystem.”

The venture marks one of the most significant collaborations between traditional finance and crypto-native innovators to date, with support from SoftBank, Tether, and Jack Mallers.

Earlier this year, rumors swirled that SoftBank's Vision Fund 2 was planning a major investment in a Bitcoin SPAC.

Meanwhile, Tether's involvement marks a key pivot for the company, which has traditionally focused on stablecoin issuance and liquidity solutions within the crypto industry.

The contribution from Jack Mallers, founder of Strike and a vocal advocate for Bitcoin, further amplifies the initiative's focus on Bitcoin integration.

The company is also expected to benefit from the expertise of Cantor Fitzgerald, a firm renowned for its contributions to the financial services sector.

Howard Lutnick: 'Bitcoin is coming to Wall Street, head first'

The news of Twenty One's launch comes as several reports highlight a surging interest in cryptocurrencies among institutional investors.

Earlier this month, Blockware Solutions CEO Michael Sones highlighted the potential for Bitcoin to rapidly reach the $250,000 price level by the end of the year.

Sones' analysis points to a significant shift in institutional interest, with several major players now entering the crypto sector in a big way.

This institutional activity is expected to drive up demand for Bitcoin, ultimately pushing prices to new highs.

Furthermore, the U.S. is poised to play a central role in this institutional crypto adoption.

Cantor Fitzgerald former CEO and current U.S. secretary of commerce, Howard Lutnick, shared his long-term bullish outlook on Bitcoin, predicting a slow but inevitable integration into traditional finance.

In a video published in September last year, viewed over 2.6 million times on X, formerly Twitter, Lutnick discussed how Bitcoin has been an outsider in the finance business but is coming closer and closer.

Right now, he said there is an ETF just starting to go a little bit mainstream. But if the regulatory environment was good, you will see all the traditional financial service companies—the big banks, big brokerage companies—they’re all going to go head first into the Bitcoin (BTC) pond.

That's why I'm a fan of Bitcoin. It's going to go much higher. Over the next 5 years, as it gets invited into this party—up we go.

Bitcoin market reacts: BTC rallies amid macro tailwinds and corporate optimism

The launch of Twenty One comes during a broader bullish momentum in the Bitcoin market.

As we previously reported, BTC surged on Sunday, April 23, driven by a mix of macroeconomic optimism and the Twenty One announcement itself.

The crypto giant's price rallied by over 3% to reach $52,000, marking its highest level since March 14.

This rally was fueled by several key drivers, including:

A broader risk-on market mood, which saw major U.S. stock indexes close at all-time highs.

The announcement of Twenty One, a Bitcoin-native company backed by SoftBank, Tether, and Strike founder Jack Mallers.

Twenty One will be launching with a treasury of 42,000 BTC, making it one of the largest corporate holders of the cryptocurrency.

At the time of this report, the company's 42,000 BTC would be worth a staggering $3.9 billion.

The company is being formed through a business combination with Cantor Equity Partners (NYSE:CEP), the SPAC arm of Cantor Fitzgerald, one of Wall Street's most influential firms.

According to the official press release, Twenty One will launch with the aim to “accelerate the global adoption of Bitcoin as an open monetary network.”

The release notes that “with 42,000 BTC on its balance sheet, Twenty One is immediately positioned as a dominant force in the Bitcoin ecosystem.”

This venture marks one