SoftBank-backed '21 Capital' raises an additional 14.4 billion yen through increased Bitcoin purchases.

## Total funds reached 685 million Dollar.

The cryptocurrency investment company "21 Capital," led by Strike founder Jack Mallers, announced on the 28th that it has completed an additional fundraising of 100 million Dollars through the issuance of convertible bonds. The total amount raised by the company has reached 685 million Dollars, with Tether and SoftBank as major investors supporting it.

The funds raised this time are planned to be used for additional Bitcoin (BTC) purchases, with $3.6 billion to be transferred through the merger agreement in addition to the 4,812 BTC already held. It is expected to become the third-largest publicly traded company holding Bitcoin through a SPAC merger with Nasdaq-listed Cantor Equity Partners.

What is 21 Capital?

21 Capital is a new company funded by Tether, SoftBank, and Bitfinex, with Bitcoin as its main asset.

Cantor Equity Partners is leading the merger as a SPAC and has the role of taking 21 Capital public.

The company has adopted the pioneering "Bitcoin per Share" metric and introduced flexibility in asset expansion through multiple fundraising methods. The newly issued convertible bonds are set at an annual interest rate of 1%, maturing in 2030.

At the time of establishment, Tether invested 1.5 billion Dollar, SoftBank 900 million Dollar, and Bitfinex 600 million Dollar worth of Bitcoin to build the initial balance sheet. It is attracting attention as a new model of corporate finance through leveraged Bitcoin investment strategies.

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