21 Capital is exploring issuing USD loans collateralized by Bitcoin

BlockBeats News, July 30th, according to Bloomberg, on Wednesday, citing sources familiar with the matter, Twenty One Capital is exploring a strategy planning to issue US dollar loans with Bitcoin as collateral. Twenty One Capital, backed by Cantor Fitzgerald, has currently expanded its Bitcoin holdings to at least 43,500 BTC, about 1,500 BTC more than initially expected.

The company recently acquired about 5,800 BTC from stablecoin issuer Tether, with the total holdings valued at approximately $5.13 billion at the current price. The company was founded in April this year with the goal of building one of the world's largest Bitcoin reserves, backed by supporters including Tether, Bitfinex, and SoftBank. Its merger plan with SPAC company Cantor Equity Partners is progressing and is expected to go public shortly.

As digital assets are increasingly being integrated into corporate balance sheets, public companies and funds are gradually moving away from the old model of simply "HODLing." Many institutions are now choosing to lend out Bitcoin, stake Ethereum, or sell options to generate income from "idle assets." Bitcoin mining companies such as MARA Holdings and CleanSpark are at the forefront of implementing such strategies—using crypto options and derivatives to boost revenue instead of passively holding assets. CleanSpark also plans to explore more sophisticated derivative tools to profit from market volatility.