Announcing Proof of Reserves for Twenty One
As Bitcoiners, we hear a lot about how Wall Street has arrived to #Bitcoin. With Twenty One, #Bitcoin has arrived on Wall Street.
Don't trust, verify.
We will be publishing multiple addresses over the next week proving our #Bitcoin reserves.
Our first address can be seen below, which contains 4,812.22 BTC that was acquired via proceeds of a prior transaction: https://mempool.space/address/bc1qzup4k7zn9jur7a8kz0dnaernzyf60h8ez6s9cpmp23wfw5djhvusd4p0v3
We are also announcing today that, as of May 22, the Convertible Note Investors (all but one) and the Sponsor have exercised the option in full to purchase, in the aggregate, $100 million of Option Convertible Notes. See the Form 8-K below.
Over the next week, the four more #Bitcoin addresses we plan to publish are as follows:
- 14,000 BTC that's been contributed by Tether
- 7,000 BTC that's been contributed by Bitfinex
- 10,500 BTC that's an additional contribution from Tether on behalf of SoftBank
- The BTC we intend to acquire via the proceeds from the transaction announced today
The contributions are subject to closing of the previously announced business combination with Cantor; following such closing the BTC reserves will be transferred to wallets owned by Twenty One.
https://blossom.primal.net/b85b8e11a9e8b8d864b1054adc39613c0c2e98ef9546767738658f11a5417ef0.mp4
