{"id":49343,"date":"2025-12-09T13:52:31","date_gmt":"2025-12-09T18:52:31","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=49343"},"modified":"2025-12-09T13:52:37","modified_gmt":"2025-12-09T18:52:37","slug":"jack-mallers-vows-to-buy-bitcoin","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/jack-mallers-vows-to-buy-bitcoin","title":{"rendered":"Jack Mallers\u2019 Twenty One Capital Vows to Buy \u2018As Much Bitcoin as Possible\u2019"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>Twenty One Capital, the Bitcoin-native company co-founded by Jack Mallers, officially began trading on the New York Stock Exchange today under the ticker XXI, following a <a href=\"https:\/\/bitcoinmagazine.com\/news\/bitcoin-treasury-twenty-one-capital-nyse\">business combination<\/a> with Cantor Equity Partners.<\/p>\n\n\n\n<p>The firm debuted with a BTC treasury of 43,514 BTC, valued at roughly $3.9 billion, immediately making it the world\u2019s third-largest publicly traded Bitcoin holder.<\/p>\n\n\n\n<p>Speaking live on CNBC, <a href=\"https:\/\/bitcoinmagazine.com\/tags\/jack-mallers\">Mallers<\/a> said the company plans to \u201cbuy as much Bitcoin as [they] possibly can\u201d. He emphasized that the firm is not simply a treasury holder but intends to build businesses around BTC, including capital markets advisory, lending models, and educational media.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">JUST IN: \ud83c\uddfa\ud83c\uddf8 Public company Twenty One Capital CEO Jack Mallers says: We&#39;re going to buy &quot;as much Bitcoin as we possibly can&quot; \ud83d\ude80 <a href=\"https:\/\/t.co\/7jdRAiOZjr\">pic.twitter.com\/7jdRAiOZjr<\/a><\/p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1998448132657451454?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">December 9, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Mallers described Bitcoin as \u201chonest money\u201d and said Twenty One aims to give it \u201cthe place it deserves in global markets.\u201d<\/p>\n\n\n\n<p>The NYSE launch is backed by major institutional players, including Tether, Bitfinex, Cantor Fitzgerald, and SoftBank, reflecting a growing wave of institutional adoption of BTC.<\/p>\n\n\n\n<p>Twenty One\u2019s PIPE financing <a href=\"https:\/\/www.barchart.com\/story\/news\/36517495\/twenty-one-to-begin-trading-on-nyse-under-ticker-xxi-with-over-43-500-bitcoin-in-holdings-after-successful-completion-of-business-combination\" target=\"_blank\" rel=\"noopener\">included<\/a> $486.5 million in senior convertible notes and roughly $365 million in common equity commitments.<\/p>\n\n\n\n<p>Analysts note the launch signals a new model for public Bitcoin companies. Mitchell Askew, head of Blockware Intelligence, <a href=\"https:\/\/www.tipranks.com\/news\/jack-mallers-twenty-one-capital-debuts-with-3-9-billion-bitcoin-war-chest\" target=\"_blank\" rel=\"noopener\">said<\/a> the firm\u2019s institutional connections could position Twenty One as \u201ca major player not only in Bitcoin, but in the grand arc of financial history.\u201d<\/p>\n\n\n\n<p>Twenty One plans to pair its treasury with operating businesses that generate recurring revenue while supporting BTC adoption.\u00a0<\/p>\n\n\n\n<p>Shareholders will have access to on-chain verification of holdings, ensuring transparency. Mallers highlighted that the firm\u2019s value comes not only from its BTC holdings but also from the cash flows and infrastructure it builds around the asset.<\/p>\n\n\n\n<p>Shares of XXI opened with volatility, trading down over 23% at $10.97 following the debut, reflecting typical market reactions to new listings. Since opening, shares have stabilized to&nbsp;<\/p>\n\n\n\n<p>With this launch, Twenty One Capital aims to establish itself as both a leading institutional BTC holder and a financial ecosystem around the cryptocurrency, offering investors direct exposure to BTC alongside innovative business models built on the asset.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin as money, not just an asset<\/h2>\n\n\n\n<p>At Bitcoin Amsterdam, Jack Mallers <a href=\"https:\/\/www.youtube.com\/watch?v=083JqOpHGp4\" target=\"_blank\" rel=\"noopener\">reaffirmed<\/a> his belief that BTC&#8217;s ultimate purpose is to function as money, not just as an asset.\u00a0<\/p>\n\n\n\n<p>He <a href=\"https:\/\/bitcoinmagazine.com\/business\/jack-mallers-debanked-by-jpmorgan\">criticized traditional financial narratives<\/a>, saying, \u201cPeople have convoluted the concept of money to benefit them\u2026 The dollar is money? No, how about f*** you?\u201d&nbsp;<\/p>\n\n\n\n<p>For Mallers, money is what you save to later exchange for goods and services, and BTC fulfills that role regardless of whether merchants directly accept it.\u00a0<\/p>\n\n\n\n<p>\u201cWhat I used as money was Bitcoin because I exchanged the work I\u2019m doing for those around me for Bitcoin and later exchange it for the things I want,\u201d he explained.<\/p>\n\n\n\n<p>Mallers also addressed external pressures from powerful figures and media outlets to temper his message. He recalled being advised, \u201cDon\u2019t say that on CNBC,\u201d but emphasized, \u201cSorry, good thing I\u2019m me and you\u2019re you\u2026 you say whatever you want.\u201d&nbsp;<\/p>\n\n\n\n<p>He framed his stance as a matter of integrity and honesty, saying, \u201cI was born to love others, to contribute to something bigger than myself.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jack Mallers\u2019 Twenty One Capital launched on the NYSE as he pledged to buy as much Bitcoin as possible.<\/p>\n","protected":false},"author":3817,"featured_media":49345,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[76,531,609,5538],"class_list":{"0":"post-49343","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin","9":"tag-jack-mallers","10":"tag-nyse","11":"tag-twenty-one-capital"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Jack-Mallers-Twenty-One-Capital-Vows-to-Buy-\u2018As-Much-Bitcoin-as-Possible.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/49343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=49343"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/49343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/49345"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=49343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=49343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=49343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}