Coin Stories News Block: Major Bitcoin Treasury Company—Twenty One—Emerges, Fed Softens Stance on Bitcoin for Banks, Bitcoin Shows Resilience to Tariff Volatility
6 snips
Apr 28, 2025 AI Snips
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Launch of Twenty One Capital
- Twenty One Capital (21) launches as a new Bitcoin treasury company with major players like Tether, Bitfinex, Cantor Fitzgerald, and SoftBank involved.
- Led by Jack Mallers, 21 aims to be a purpose-built pure Bitcoin company and a strong competitor to Strategy.
Early Stage of Corporate Bitcoin Adoption
- Corporate adoption of Bitcoin is still in early stages with only 1.6% of U.S. corporate cash allocated to Bitcoin.
- With entrants like 21 Capital, the Bitcoin adoption inflection point could be near.
Regulatory Shift Favoring Bitcoin
- The regulatory environment for Bitcoin is shifting positively with new leadership in SEC and Fed softening stances.
- The Fed withdrew some anti-Bitcoin guidance, signaling less resistance to institutional engagement with crypto.