Jack Mallers revolutionizes treasury management in Bitcoin with Twenty One Capital

At only 31 years old, Jack Mallers embodies a disruptive vision of Bitcoin in the financial sector. After co-founding Strike and Zap, and playing a pivotal role in enabling El Salvador to become the first country to adopt Bitcoin as legal tender, the entrepreneur continues his ascent by creating Twenty One Capital, a company specializing in Bitcoin treasury management. This new venture marks a turning point: transforming Bitcoin from a simple asset into a credible and capitalized financial infrastructure.

The Origin of Twenty One: A Natural Collaboration with Paolo Ardoino

The genesis of Twenty One Capital reveals how a simple conversation can transform an entire industry. Jack Mallers and Paolo Ardoino, CEO of Tether, already had a relationship of trust established through various projects ranging from open-source development to supporting adoption in El Salvador. It was naturally that their discussion in a Telegram group crystallized an obvious opportunity: to create a truly credible Bitcoin treasury management company capitalized in Bitcoin itself.

“We observed the market’s evolution and asked ourselves: there will inevitably be a major Bitcoin treasury company, but why not be the ones to create it?” explains Jack Mallers. This shared reflection materialized in just a few weeks, turning an idea into operational reality.

SoftBank Invests 1 Billion Dollars: A Strategic Turning Point

SoftBank’s entry as a strategic partner marked a decisive moment for Twenty One Capital. The Japanese giant aimed to contribute one billion dollars to the emerging structure. Rather than accepting fiat currencies, Jack Mallers proposed a revolutionary approach: accepting the contribution entirely in Bitcoin.

“I don’t think in dollars, I think in Bitcoin,” he affirms. At the time of this transaction, one billion dollars was approximately 10,500 Bitcoin. Twenty One Capital thus begins its trajectory with a minimum portfolio of 2,000 Bitcoin, positioning the company as the third-largest Bitcoin treasury in the world, behind the reserves of some states.

Bitcoin Beyond the Asset: A Moral Code for Jack Mallers

The vision Jack Mallers advocates goes far beyond mere accumulation of digital wealth. Inspired by the insights of a trader who explained the real mechanisms of monetary devaluation and government inflation, the entrepreneur sees Bitcoin as much more than an investment: a fundamental ethical code.

“Bitcoin represents to me a moral code before being a computer code or a financial asset. It’s: you shall not censor, you shall not inflate, you shall not confiscate, you shall not counterfeits, and you shall not steal,” he states. This philosophy guides Twenty One Capital, which aims to demonstrate that Bitcoin can serve as the foundation for an ethically sustainable financial system.

Jack Mallers emphasizes that Bitcoin should not be reduced to a speculative instrument for privileged fund managers. Instead, it should be considered as a collective moral infrastructure, a secure space where principles of integrity replace the excesses of the traditional financial system.