Key highlights:
- Twenty One CEO Jack Mallers expects Bitcoin’s price to far exceed $150,000, citing inelastic supply and surging demand.
- The firm is set to receive 5,800 additional BTC from Tether, bringing total holdings to over 43,500 BTC worth more than $5 billion.
- Mallers aims to make Twenty One the most dominant Bitcoin treasury and is preparing for a public listing under ticker “XXI”.
Bitcoin’s inelastic supply could drive rapid price discovery
Jack Mallers, CEO of Twenty One Capital and Strike, is doubling down on his bullish outlook for Bitcoin, arguing that the cryptocurrency’s price could surge well past $150,000 amid growing institutional and sovereign demand.
“Is there enough Bitcoin for me at $120k? No. $130k, $140k, $150k? There’s always Bitcoin available, it just depends on what you’re willing to pay for it,” Mallers told Bloomberg. He emphasized that Bitcoin’s fixed supply and inelastic response to demand make it uniquely positioned for price escalation as more capital flows into the market.
According to Mallers, the growing interest from ETFs and possibly nation-states will force price discovery to accelerate. “If you want more Bitcoin, you don’t go to the Bitcoin factory,” he added. “You have to go up in price.”
Twenty One to become third-largest corporate holder
With the addition of 5,800 BTC from Tether, Twenty One’s total Bitcoin holdings will surpass 43,500 BTC, valued at over $5 billion. This positions the firm as the third-largest corporate Bitcoin holder, behind only MicroStrategy and Tesla. Acquired at an average price of $87,280.37, these holdings currently represent around $1.3 billion in unrealized gains.
🇺🇸 Twenty One Capital to add 5,800 BTC and launch with 43,500 BTC. pic.twitter.com/DrkGFzlLAZ
— NLNico (@btcNLNico) July 29, 2025
Backed by Tether, Bitfinex, and SoftBank, Twenty One is preparing for a public listing under ticker “XXI” through a business combination with Cantor Equity Partners, pending shareholder approval.
Building a Bitcoin-native financial ecosystem
Beyond its treasury ambitions, Twenty One is developing a suite of Bitcoin-native financial products, leveraging the engineering expertise of Tether and the fintech infrastructure of Strike. The company also aims to bring transparency to shareholders through a new “Bitcoin Per Share” (BPS) metric, allowing real-time tracking of on-chain reserves.
“Bitcoin is a foundational protocol for freedom,” said Tether CEO Paolo Ardoino. “Twenty One captures that ethos in corporate form.”
As Mallers put it: “We’re not here to beat the existing system—we’re here to build a new one.”
Source:: Jack Mallers Says $150K Is Just the Beginning for Bitcoin Price