Jack Mallers’ Twenty One jumps to third place among corporate bitcoin holders
The new venture overtook Riot Platforms in the race to stockpile the most bitcoin.
It took just a few weeks for newcomer Twenty One, the new bitcoin-native company launched by Strike CEO Jack Mallers, Tether, and SoftBank Group, to become the third-largest corporate bitcoin holder.
The company, which said it would be a superior vehicle to Michael Saylor’s bitcoin holding company, Strategy, added 4,812.2 bitcoin on May 13 (acquired via Tether), bringing its total holdings to 31,500, according to a regulatory filing. This brings it closer to its aim to hold 42,000 bitcoin when the company launches under the ticker “XXI.”
Meanwhile, Japanese company Metaplanet released its Q1 earnings yesterday, noting it has become the top Asian bitcoin corporate holder and the 11th globally. It was the company’s “strongest quarter,” CEO Simon Gerovich said in an X post. With its latest bitcoin acquisition this week, the company now holds “more bitcoin than El Salvador.”
Metaplanet holds 6,796 bitcoin, reaching 68% of its 10,000 bitcoin target in roughly four months, its earnings presentation showed. It also achieved a 170% BTC yield year to date. Q1 revenue increased 8% quarter over quarter, largely driven by bitcoin income generation.
Strategy, the original bitcoin stockpiler, added 13,390 bitcoin this week for $1.34 billion, bringing its total to 568,840.
This week also saw the newest entrant in the Strategy copycat race, Nakamoto, launched by President Trump’s crypto advisor, David Bailey. Nakamoto aims to “elevate bitcoin to every public and private corporate balance sheet around the world,” Bailey told Sherwood News.
