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The son of the US Secretary of Commerce, in charge of the Bitcoin treasury company Twenty One, plans to increase the BTC holdings to 43,500 coins before going public.

2025.07.29 21:56:28

On July 29th, Brandon Lutnick, who is the son of the U.S. Secretary of Commerce and the head of the Bitcoin treasury company Twenty One, declared that it is anticipated to boost its holdings by 5,800 bitcoins prior to going public. The minimum holding is at least 43,500 bitcoins, which makes Twenty One the third-largest corporate Bitcoin treasury company in the world. The investment firm Cantor Equity Partners previously announced its intention to establish "Twenty One" through a SPAC merger. This will lead to the formation of a publicly traded company with Bitcoin as its core. Initially, it will hold more than 42,000 bitcoins, which are valued at over $3.9 billion at the current price. The funding comes from Tether, Bitfinex, and investment firms Cantor Fitzgerald and SoftBank Group. Under the leadership of Brandon Lutnick, the son of the U.S. Secretary of Commerce, the company not only plans to accumulate Bitcoin (enabling investors to gain exposure to the asset without actually holding it), but also intends to provide Bitcoin-related financial services and create a cryptocurrency content and media platform.
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