Key Takeaways:
Twenty One Capital CEO Jack Mallers says bitcoin’s onchain auditability offers it an edge over gold. The company treasury presently holds over 43,500 BTC price roughly $3.35 billion, making it the third-largest public treasury. Mallers launched dwell proof of reserves, letting anybody confirm Twenty One’s BTC holdings in actual time.
Bitcoin Can Be Verified, Gold Can not
Talking on the convention, Mallers centered his case on the elemental hole that bitcoin holdings are publicly verifiable onchain, in actual time, with out counting on any third social gathering. Gold requires bodily audits, trusted intermediaries, and institutional reporting that no member of the general public can independently confirm.
“You possibly can’t do that with gold,” Mallers mentioned, referring to Twenty One Capital’s dwell proof of reserves system, which publishes the agency’s bitcoin holdings on to the blockchain so anybody can audit them at any time.
Twenty One Capital holds over 43,500 BTC valued at roughly $3.9 billion, rating it third amongst publicly listed bitcoin treasury corporations, behind Technique and MARA Holdings. Backed by Tether and Softbank, the agency went public on the New York Inventory Change after merging with Cantor Fairness Companions. Bitcoin.com first reported on the corporate’s launch when Mallers was named to guide the Tether and Softbank-funded enterprise.
The Inevitable Gold Comparability
Gold has served as a financial reserve for hundreds of years, however its verification course of depends on bodily custody inspections, third-party auditors, and belief in institutional reporting. Bitcoin, against this, is auditable by anybody with an web connection and entry to its public blockchain.
The argument is gaining traction as institutional bitcoin adoption has accelerated closely in latest months. Technique, the most important company bitcoin holder, has made an identical case for bitcoin as a treasury asset that outperforms each gold and conventional money reserves. Prior protection has explored how gold’s personal bull run has traditionally preceded bitcoin worth strikes, with analysts, together with Mallers, discussing how the 2 belongings more and more compete for a similar institutional demand.
Twenty One Capital acquired roughly 5,800 further BTC forward of its public itemizing throughout Q3 2025, including to a treasury that now anchors one of the intently watched company bitcoin methods out there.
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