The Treasury Wars Heat Up: XXI Capital Enters with $3.8B in Bitcoin — And They Haven't Even Started! 🚀
The institutional landscape of #Bitcoin just witnessed a seismic shift. XXI Capital (XXI), the brainchild of Jack Mallers and backed by giants like Tether and SoftBank, has officially gone public on the NYSE, revealing a staggering treasury.
📊 The Numbers Speak for Themselves:
Total Holdings: Over 43,500 BTC (and growing).
Current Value: Approximately $3.8 Billion.
Market Position: Instantly became the 3rd largest public corporate holder of Bitcoin globally, trailing only MicroStrategy and MARA.
💎 Why This is Major "Alpha":
More than a Treasury: Unlike traditional firms, XXI is a "Bitcoin-native" company building financial services, lending models, and media—all on top of a $BTC standard.
Unmatched Backing: With Cantor Fitzgerald, Tether, and SoftBank in their corner, XXI has the deepest liquidity pockets in the industry.
The "Just Getting Started" Factor: Despite holding billions, CEO Jack Mallers has signaled that their aggressive accumulation phase is only in its infancy. Their goal? To be the largest holder in the world.
⚖️ Strategy Shift: XXI is introducing new metrics like "Bitcoin Per Share" (BPS). They aren't measuring success in dollars anymore; they are measuring it in Satoshis.
My Take: We are moving from the "Speculation Era" to the "Nation-State & Mega-Corp Accumulation Era." When $3.8B is just the starting position, you know where the puck is going. 🏒🥅
