21Capital has unveiled a significant Bitcoin treasury worth $3.9 billion, backed by major firms like SoftBank and Tether. In parallel, Switzerland is exploring the establishment of a Bitcoin reserve through its National Bank, following moves by the US. Meanwhile, new cryptocurrencies such as BTC Bull Token, Solaxy, and Zerebro are gaining traction, offering varied benefits as the market shifts.
A new player in the cryptocurrency world is emerging as 21Capital announces a massive $3.9 billion Bitcoin treasury, joining a growing trend among institutional investors. The venture, shaped by legacy investment firm Cantor Fitzgerald and its subsidiary Cantor Equity Partners, aims to raise approximately $3 billion worth of Bitcoin. Some notable backers include SoftBank, Tether, and Bitfinex, contributing $900 million, $1.5 billion, and $600 million respectively, based on evaluations missing the current Bitcoin price jump.
Cantor Equity Partners is essentially a blank check company tasked with managing the launch of Twenty One Capital, which is positioning itself as publicly traded. With the excitement around the cryptocurrency resurgence, this move paints a positive picture for Bitcoin, as new investments often spur greater interest. Stay tuned for more details on what new cryptos could benefit from this momentum.
Ownership of CEP lies with Brandon Lutnick, whose father, Howard Lutnick, has stepped down to serve in a governmental role. Jack Mallers will take the lead as CEO of Twenty One Capital, which is set to gather $385 million from convertible securities and another $200 million via private equity investment. Influenced by recent regulatory shifts making cryptocurrency more mainstream, this venture marks an accelerated interest that may reshape investment landscapes in the US.
In a parallel track, Switzerland is reportedly considering a Bitcoin reserve as crypto adoption blooms globally. Hot on the heels of the US announcements, Swiss crypto advocates are urging the Swiss National Bank (SNB) to diversify its foreign reserves by allocating a small percentage to Bitcoin. Presently, the SNB’s reserves are heavily weighted towards euros and US dollars, exposing the bank to geopolitical fluctuations. A modest 1-2% allocation could safeguard against turbulent economic conditions.
The implications of this proposal are immense, as it could set a precedent for other countries looking to protect their monetary reserves. Lucius Meisser, a leading voice in the campaign, is set to address the SNB’s Annual General Meeting, pushing for a Bitcoin inclusion. However, the SNB remains cautious, highlighting Bitcoin’s notorious volatility and technical risks.
As countries lean toward embracing cryptocurrencies, savvy investors are looking for opportunities. Three notable cryptocurrencies to consider right now are BTC Bull Token, Solaxy, and Zerebro. BTC Bull Token ($BTCBULL) stands out as a unique option that rewards holders with free Bitcoin during specific milestones.
Next up, there’s Solaxy ($SOLX), designed as a Layer 2 solution aimed at reducing the congestion in Solana’s network. As the main launch platform for new meme coins, Solana’s success is pivotal, and Solaxy will help alleviate existing scalability issues, making it an attractive investment with a significant funding base already secured.
Lastly, Zerebro ($ZEREBRO) is revealing itself as a contentious newcomer, recently gaining 265% in value within a week through AI-driven content creation. Its innovative blend of narrative styles promises to gain traction in the social media landscape, positioning it among the top gainers as it capitalizes on Bitcoin’s bullish momentum.
Investors should remain vigilant and conduct thorough research before diving into the crypto market. Although Bitcoin’s rise can act as a tailwind for promising altcoins, careful investment strategies are essential given the unpredictability of the market.
