Twenty One Capital is expanding its Bitcoin holdings through a $100 million capital injection from the sale of convertible notes. Armed with additional cash, the Tether-backed company aims to close the gap between itself and MARA Holdings. Twenty One Capital Secures Capital Raise To Buy Additional Bitcoin Tether-backed Twenty One Capital shows no signs of slowing its Bitcoin accumulation spree. In an 8-K filing, the newly formed firm announced the sale of additional convertible notes, raising $100 million from investors. The funds will purchase more Bitcoin, expanding the company’s holdings as the BTC arms race intensifies. Twenty One Capital currently holds 31,500 BTC on its balance sheet, ranking as the third-largest public holder of Bitcoin, behind Strategy and MARA Holdings. While Michael Saylor’s Strategy is miles ahead with its near-600,000 BTC, flipping Mara Holding is within reach for Twenty One Capital. Previously, the company purchased 4,812 BTC for $458.7 million,… Read More at Coingape.com

The post Tether Backed Twenty One Capital Raises $100M To Buy Bitcoin, Plans to Flip MARA appeared first on CoinGape.

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