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Twenty One Capital, a leading crypto-focused investment firm, has recently expanded its Bitcoin holdings to an impressive 43,500 BTC. This significant move comes ahead of the company’s planned public listing through a merger with Cantor Equity Partners.
According to Twenty One Capital’s CEO, the price of Bitcoin is expected to reach $150,000 in the near future. The CEO attributes this prediction to the fixed supply and growing institutional demand for the cryptocurrency. This forecast underscores the growing sentiment among investors that Bitcoin has entered a new era of growth.
The increased Bitcoin holdings by Twenty One Capital have surpassed original projections by approximately 1,500 BTC, demonstrating the firm’s unwavering commitment to the digital currency. The company acquired these additional coins through its partnership with Tether, one of the largest stablecoin providers.
This substantial expansion is also accompanied by a new revenue strategy for the firm. Twenty One Capital is exploring the possibility of issuing US dollar loans backed by Bitcoin collateral. This innovative approach would enable the company to generate additional income while maintaining its Bitcoin position.
Source: coincentral.com
