The Bitcoin treasury company Twenty One, headed by the son of the U.S. Secretary of Commerce, plans to increase its Holdings to 43,500 BTC before going public.

On July 29, Twenty One, a Bitcoin treasury company led by Brandon Lutnick, the son of the U.S. Secretary of Commerce, announced that it plans to increase its holdings by 5,800 Bitcoins before going public, raising its open interest to at least 43,500 Bitcoins, making Twenty One the third-largest corporate Bitcoin treasury company in the world. Investment firm Cantor Equity Partners previously announced plans to establish "Twenty One" through a SPAC merger. This will become a public company focused on Bitcoin, receiving funding support from Tether, CEX, as well as investment firms Cantor Fitzgerald and SoftBank Group. The company, led by Brandon Lutnick, the son of the U.S. Secretary of Commerce, plans not only to accumulate Bitcoins (allowing investors to gain exposure to related assets without actually holding them) but also to provide Bitcoin-related Financial Services and create a crypto assets content and media platform.