Government Shuts DOWN | Bitcoin Blasts OFF!! 👇 https://blossom.primal.net/38b7be853972413750563d49b96feabdb6d4d746f36ffdea673ed49f54a61c95.mp4
Discussion
From AI:
Here is the comparison between BSTR and XXI, reformatted into a clean, paragraph and bullet-point structure that should paste cleanly.
â‚żitcoin Treasury Titans: BSTR vs. XXI - Major Differences
The emergence of Bitcoin Standard Treasury (BSTR) and Twenty One Capital (XXI) marks the start of a competitive new phase for corporate Bitcoin adoption. Both companies share the goal of maximizing Bitcoin Per Share (BPS), but they are built on fundamentally different foundations.
BSTR: The Protocol-Centric Approach
Bitcoin Standard Treasury (BSTR) is led by Bitcoin pioneer Dr. Adam Back (inventor of Hashcash and CEO of Blockstream), giving it a strong technical and protocol-focused foundation.
* Leader's Background: Deeply rooted in the Cypherpunk movement and Bitcoin infrastructure.
* Core Backers: Primarily Blockstream and an affiliate of Cantor Fitzgerald (via SPAC CEPO).
* Initial Scale: Expected to launch with over 30,000 BTC.
* Strategic Focus: To develop Bitcoin-native capital markets products, yield strategies, and advisory services for sovereigns and large institutions. The emphasis is on building long-term financial infrastructure on top of the Bitcoin protocol.
* Public Ticker: Expected to be BSTR on Nasdaq.
XXI: The Financialization and Adoption Focus
Twenty One Capital (XXI) is led by Jack Mallers (CEO of Strike), an evangelist known for driving global adoption and high-growth payment solutions.
* Leader's Background: Focused on real-world adoption, payments, and integrating Bitcoin into mainstream finance.
* Core Backers: Backed by powerful entities Tether and SoftBank Group, in addition to an affiliate of Cantor Fitzgerald (via SPAC CEP).
* Initial Scale: Expected to launch with over 42,000 BTC (a significantly larger starting stack).
* Strategic Focus: Aggressive accumulation and building a high-profile platform for pro-Bitcoin advocacy and media. The company is positioned for rapid scale and high-leverage growth, driven by its powerful global partners.
* Public Ticker: Expected to be XXI on Nasdaq.
Shared Mission
Despite their differing corporate DNA—one technical, one financial—both BSTR and XXI aim to be the optimal public vehicle for Bitcoin exposure, ushering in a new era of corporate balance sheets based on the Bitcoin Standard.
Okay so neither BSTR nor XXI are actually trading yet? That would explain why I couldn't find XXI...
XXI will enter the market using a SPAC (special purpose acquisition company). Currently CEP is the vehicle they have proposed using. I own it and it looks like they did some sort of split? Haven’t followed the specifics but the way I understood it is CEP will convert to XXI once approved by the SEC who is currently shut down as part of gov shutdown.
Ah, cool, so I should look up CEP. Good to know!
So, been researching more, and it seems like there's some danger in owning CEP. After the merger, the XXI shares outstanding will be 70 million, which is several times more than CEP has currently. So maybe current CEP shareholders get super diluted. Or maybe it won't matter, since the purpose is to maximize bitcoin per share. Idk, could go either way.
nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg5waehxw309aex2mrp0yhxgctdw4eju6t0t25cfd wanna enlighten us? Very curious about what your company is doing
He can’t. He’s in a “quiet period” since he has active filings with the SEC for a SPAC merger. It’s illegal for him to discuss until after the merger gets approved or denied. He gives the updates he is allowed to suing him Monday livestream show on YouTube which is one of the best Macro podcasts on the internet.
I am not a treasury bro, but I have some play money in a self-directed IRA. I use it to ford myself to learn about markets which I’m broadly ignorant of.