Odaily Planet Daily News According to an announcement released on Wednesday, Strike founder Jack Mallers will join the newly established cryptocurrency joint venture Twenty One Capital as its CEO. The company's sole purpose is to "maximize its holdings of Bitcoin." It currently holds 42,000 Bitcoins on its balance sheet. It is reported that the company has received support from stablecoin issuer Tether, Softbank Group and Wall Street investment bank Cantor Fitzgerald. The company's articles of association clearly stipulate that it will only focus on the accumulation of Bitcoin assets. The huge initial holdings are equivalent to 0.2% of the current Bitcoin circulation, ranking among the top 5 Bitcoin holdings of listed companies worldwide. Industry insiders believe that after MicroStrategy, another "All in Bitcoin" listed company has appeared. The joint endorsement of three major institutions shows that traditional capital has increased its recognition of Bitcoin assets, which may trigger a new round of Bitcoin holding competition among listed companies.