Jack Mallers, co-founder and CEO of Strike, has been named co-founder and CEO of Twenty One Capital, Inc., a new Bitcoin-native firm preparing to go public via a SPAC merger with Cantor Equity Partners. The company plans to trade under the ticker $XXI and will launch with an initial treasury of more than 42,000 Bitcoin—making it the third-largest corporate Bitcoin holder in the world.

Backed by Tether and SoftBank, Twenty One enters the market with a clear mission: to maximize Bitcoin ownership per share and offer investors direct exposure to Bitcoin via a public company structure. Last night, the Financial Times reported that “The consortium is creating a…

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