So it looks like they're raising around $600 million to buy more bitcoin over an about the $3.6 billion they are with which is another ~6500 which is around 7 days worth of new mining.  Any additional demand is good as are their other projects and certainly the people/groups involved have a lot of experience in the financial area. 

The more companies and startups that do this kind of thing, the better for the ecosystem.  It has the potential to snowball.

This is the first time I have heard about such name. I guess I ain't really verse in the stock market.

I can't tell how it would pan out but from what is here, I like the direction is going.
The introduction of new programs is a killer move not to be considered a copycat of Microstrategy.
Big Enterprise entering the market is sign they are starting to see the potential and what can be unearthed.

lending with Bitcoin isn't a first. Shasan and others here do it even sometimes with just reputation and not collateral ( very commendable)
I think it would be easier to be implemented by a firm that would request for KYC.

I wonder if this purchase they made is what caused the Bitcoin pump?
I still believe that sooner or later all companies will add Bitcoin to their balance sheets. Some will use it exclusively, meaning each share will be backed by Bitcoin.

With everything happening in the world, it doesn’t make sense to stay out of it. A single signature or tweet can destroy a company, and that’s not good. But with Bitcoin, the free market essentially dictates the rules, and in the end, it’s good for everyone.

I don't think that's their goal to begin with. It's all about profits, so of course, they have to provide some assurance that their business can compete compared to other competitors, especially against the most popular ones. Just like how some alts try to convince people that they're better compared to BTC, ETH, and so on.

Anyway, I believe I read that a Japanese-based company also plans to buy Bitcoin and focus its investment activity on crypto a few weeks ago. I'm not sure if it's another bubble or if more companies will follow suit. Hopefully, this doesn't mean more centralization, which allows manipulation to happen more easily. CMIIW.

Bitcoin is gaining popularity globally, and with the certainty of crypto regulation in the US and Trump's vision of making America the global crypto capital, I think that makes Howard Lutnick optimistic that his company can benefit from this momentum.
Especially he has thoughtfully launched this Twenty one capital with backed by Tether and SoftBank Group and Bitfinex, and with the programs that Twenty one capital has, it might be a new investment company that can grow quickly and attract more people who want to get involved in investing, education, or Bitcoin-backed loans. And maybe if they are successful with the company, it will be a catalyst for more companies to get involved in bitcoin.

I think this was only a matter of time before more companies/entities copied
Microstrategy's playbook to some degree.

Its positive because IMO it normalises Bitcoin investing (its already normal to us!)

On the negative side do you think there will be a time when us minnows wont be able to
accumulate Bitcoin because it will already be in the possession of the Whales?

And they might likely not be in competition with the Microstrategy.
Perhaps... Microstrategy is a wealthy institution and their amiable credits is fostered on their approach as the first institution to had adopted the concept of investing on Bitcoin which each institution decided to invest on Bitcoin will have to locate a befitting strategy depending on their financial revenues, sorts of their diversification of assets and mostly based on their economical structures.

Readjust of investment program can always come in the future depending on the accumulated outcomes. Moreso, it is a welcomed news of the TwentyOne Capital institution adopted Bitcoin.

Both institutional investment system has potential to produce food values to Bitcoin which thoughtfully the launched of the TwentyOne Capital may have resulted to the increased Bitcoin price after so long we have been experiencing price resistance of $90K.

It is not MicroStrategy 2.0. Saylor used boring convertibles and the software cash trickle to hoard 530 k BTC. Twenty One is basically a SPAC-wrapped hedge fund stapled to a Lightning fintech. Different risk curve altogether.

Tether could affect the entire system. If USDT loses its peg or new European regulations (like MiCA) block euro withdrawals, 21C’s main investor could run into serious liquidity problems. Their 42000 BTC doesn’t look so solid if their backer is struggling to cover $30 billion in stablecoin redemptions.

That would be a huge conflict of interest. Imagine the headlines if the Department of Commerce approves a national Bitcoin reserve while Lutnick Jr.’s investment company is also buying large amounts of Bitcoin. The SEC would almost definitely launch an investigation. Is Mallers losing support from hardcore Bitcoiners because of political controversy? Bitcoin maximalists generally reject anything that looks like government influence or control, and they might see him as getting too close to that.

Is there really a market for this product? After FTX collapsed, lending desks still require borrowers to put up more collateral than they borrow. So where is Twenty One going to find responsible borrowers willing to lock up 120% of their BTC, especially when they could just borrow through established platforms like Coinbase or Galaxy? And their advisory service just sounds like a rebranded version of what Cantor is already doing.

My take: price in a fat controversy premium. Fun to track, premature to crown. Wake me when they publish loan-book transparency and their Lightning channels survive a stress-test.

Of course, it’s easier when a firm is involved since they have standards to follow. But what I’m saying is, the more programs they run, the more complicated it gets. It’s not that the system will fail, but the real risk comes from the people behind the scenes. There’s just a lot to manage and monitor.

Unlike when it’s just simple buy-and-hold, it’s straightforward, and investors can feel more at ease.

I find it strange that you say that because if I remember correctly you have followed, at least sometimes, fillippone's thread on Strategy. Most bitcoins Strategy has bought since half a year ago have been bought via ATM, basically printing money to buy bitcoin, or if you prefer more specifically creating more shares to buy bitcoin. This is not debt and this move is contrary to what is usually a share capital increase in companies that follow a fiat standard, almost all, because in these a share capital increase is dilutive while buying bitcoin with the money collected from the ATM Strategy's move is accreative. XXI Capital is going to copy him in this.

Strategy's debt is convertible debt, which means that in the normal scenario it will be repaid by converting it into shares at a certain price. If you go to https://www.strategy.com/debt you will see that the share price has already exceeded the convertibility price today. In addition, the first is due in 2028 and is strategically planned in terms of maturities.

Anyway, I don't want to get long, but to summarize, yes, there is a possible scenario in which Strategy would have to sell bitcoin but it is so bearish that none of us on the forum would consider it.