21 Capital is a newly formed Bitcoin-focused investment company founded and backed by Tether, Cantor Fitzgerald, and SoftBank Group. Jack Mallers will serve as CEO

21 Capital aims to emulate and even rival the success of Strategy, formerly known as “MicroStrategy”) by accumulating Bitcoin as a primary treasury.

With a planned public listing via a special-purpose acquisition company (SPAC) and over 42,000 BTC (worth roughly $3.6 billion) committed at launch, 21 Capital would immediately rank third among the largest corporate holders of Bitcoin.

Initially, the corporate valuation would be pegged at the treasury valuation. This represent a solid discount if compared to Strategy, which trades at 2x the value.



KPI will be similar to the one tracked by Strategy

I have to discover more.

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I am travelling as it it holiday in Italy.
I will have little or no time in the coming days to write this article, but this is too important not to be tracked. I will write this on my mobile. Trying to organise all the material. This will be a different animal from my "research first" write later.
Keep the OP under review, as it will be constantly updated.