- Mallers told broadcasters that Bitcoin could grow to a $500 trillion market value.
- Twenty One Capital plans to expand its bitcoin treasury before a planned Nasdaq listing.
Jack Mallers, the chief executive of Twenty One Capital, said this week that Bitcoin could ultimately support a market value of about $500 trillion and set out how his company intends to position for that outcome.
Mallers states on-air that Bitcoin could reach a $500 trillion market value
Mallers described Bitcoin as a monetary network that competes for share across savings, settlement and collateral. He argued that the asset’s fixed supply and growing institutional access underpin a path toward much larger adoption over time.
The $500 trillion figure represents his view of the total addressable market that Bitcoin could capture if it becomes a widely used store of value and settlement layer.
He contrasted Bitcoin’s design with diversified crypto platforms and said his firm will keep a singular focus on Bitcoin. The executive framed the investment case in fiat terms that everyday investors and corporate treasurers already use.
The $500T use case for #Bitcoin? Capture the value you create today and bring it with you into tomorrow.
Every day you trade your hard work for something, hoping it will afford you the things you’ll need in the future.
Fiat is broken. Bitcoin is the fix pic.twitter.com/BlDdT2f0vt
— Jack Mallers (@jackmallers) August 28, 2025
He noted that participants measure performance and liabilities in money and therefore require an asset that preserves purchasing power across cycles. In his view, Bitcoin’s issuance schedule and global transferability meet that need.
Market participants pointed out that any such scenario would imply prices in the multi-million dollar range per coin depending on circulating supply. They also observed that distribution dynamics, regulatory treatment and the pace of institutional adoption would be key variables.
Mallers did not provide a timeline but said the thesis rests on steady migration of savings and settlement activity onto the network as products mature.
Twenty One Capital plans to add bitcoin ahead of public listing through Cantor Equity Partners
Twenty One Capital is assembling a large on-balance-sheet bitcoin position and intends to go public via a business combination with Cantor Equity Partners. The company has said it aims to maximise bitcoin held per share rather than track spot prices with a passive structure.
Management has discussed growing reserves toward the mid-forty-thousand-bitcoin range before listing and using future cash flows to continue accumulation subject to market conditions and governance.
Backers include institutions from the digital asset ecosystem. The firm has indicated it will report metrics such as Bitcoin Per Share and a rate of change for that measure in order to give investors transparency on how operating activities translate into additional holdings.
Mallers said the operating roadmap spans treasury management, financing and service lines built on Bitcoin rails, with the goal of compounding bitcoin per share through time rather than targeting fiat earnings growth alone.
If the listing proceeds, Twenty One Capital expects to trade on Nasdaq under the ticker XXI. The company plans to provide public-market investors with direct exposure to corporate bitcoin reserves and to disclose holdings using on-chain proof mechanisms alongside traditional financial reporting.
The strategy places the firm in the cohort of listed companies that hold significant bitcoin on balance sheet and seek to supplement holdings with cash-generating operations.
At the time of press, Bitcoin is trading at $110,384.00, reflecting an exact increase of $1,152.00 (about +1.055%) over the previous close. The intraday trading range spans from a low of $107,539.00 to a high of $110,653.00.
