The creation of 21 Capital represents an unprecedented alliance between major financial and crypto players, aiming to accumulate large amounts of bitcoin and offer investors direct exposure to this asset through a publicly traded company.

Jack Mallers’ leadership, known for his pure bitcoin focus and sector expertise, strengthens the project’s credibility and ambition.

This move could have several consequences for bitcoin:

1) It increases institutional legitimacy and adoption of bitcoin by attracting traditional capital and major investors.

2) It may put upward pressure on bitcoin’s price, as the company plans to accumulate significant reserves of the asset.

3) It reinforces the trend of using public vehicles for bitcoin exposure, similar to what (Micro)Strategy has done, and could encourage other companies to follow suit.

In summary, it is an important step toward integrating bitcoin into traditional financial markets and could accelerate both its adoption and valuation.

And will all this be good for us bitcoiners?