May 22, 2025 A big news has come out in the world of crypto. Strike company CEO Jack Mallers has said that his company and Tether are thinking of buying 5% (about 1 million bitcoins) of the total supply of bitcoin together. He said this in a podcast, which has created a lot of stir in the crypto market. This shows that now big companies are taking bitcoin seriously.
Strike and Tether have together formed a new company called Twenty One Capital. The job of this company is to buy a lot of bitcoins and give people an opportunity to invest in it in a traditional way.
Jack Mallers says, “No man should work for what another man can print.”
Target to buy 1 million bitcoins
Jack Mallers said that his target could be to buy 1 million bitcoins, which is 5% of the total bitcoin supply. If the price of one bitcoin is considered to be $1,00,000, then more than $100 billion dollars will be needed for this purchase. This could be one of the largest crypto purchases ever. However, Mallers did not say when and how this would happen.
What is Twenty One Capital?
This is a new company started in April 2025. It is backed by Tether, SoftBank, Bitfinex and other big companies. Its purpose is to buy a lot of bitcoins and distribute it to the people through the stock market.
This company is soon going to be listed in the stock market under the name “XXI”. Currently, it has bought 36,000 bitcoins and its goal is to reach 42,000 bitcoins.
Tether has invested the most bitcoins in this company—about 23,950 BTC, and the rest has also been given by SoftBank and Bitfinex. Mallers’ dream is that this company should be completely based on bitcoin.
What does Strike do?
Strike is a payment company that facilitates fast and cheap transactions through bitcoin. It was started in 2019 by Jack Mallers. The company is now based in El Salvador, the first country to adopt bitcoin.
In 2024, Strike did transactions worth \$6 billion. It facilitated payments on sites like Shopify and introduced bitcoin tipping on X (formerly Twitter). Now this company is also giving loans by collateralizing bitcoin, so that people can borrow money without selling bitcoin.
What is Tether?
Tether makes a stablecoin called USDT, which is used throughout the crypto world. Its market value is more than $146 billion. Earlier, Tether had to face questions about its reserves of money, but now it is making big investments in bitcoin.
Tether CEO Paolo Ardoino said that his goal is to promote bitcoin as a safe investment. That’s why he has invested in Twenty One Capital.
What does this mean for bitcoin?
If 1 million bitcoins are really bought, it can have a huge impact on bitcoin prices. The total number of bitcoins is only 21 million, and removing 5% from the market can increase the price significantly.
But this will not be easy. It will have to raise a lot of money, comply with laws and deal with market fluctuations. Apart from this, Jack Mallers is the leader of both companies, due to which some people are raising questions about conflict of interest.
What can happen next?
If Strike and Tether really succeed in buying 5% of bitcoin, it will be a big change in the crypto world. Twenty One Capital is working to connect bitcoin and traditional finance, and Strike is trying to bring bitcoin into the lives of common people.
Whether this goal is achieved or not, it does show that Bitcoin is now being considered a serious and trustworthy asset.
