21 Capital is exploring the distribution of dollar loans secured by Bitcoin.

On July 30, Bloomberg reported on Wednesday, citing insiders, that Twenty One Capital is exploring a strategy to issue USD loans backed by Bitcoin. Supported by Cantor Fitzgerald, Twenty One Capital has expanded its Bitcoin holdings to at least 43,500 BTC, about 1,500 more than initially expected. The company recently acquired approximately 5,800 Bitcoins from stablecoin issuer Tether, bringing its total holdings to a value of about $5.13 billion at current prices. Founded in April this year, the company aims to create one of the largest Bitcoin reserves in the world, with backers including Tether, CEX, and SoftBank. Its merger plan with SPAC company Cantor Equity Partners is underway, and it is expected to go public soon. As digital assets are increasingly included in corporate balance sheets, public companies and funds are gradually moving away from the old model of simply 'HODL'. Many institutions are now choosing to lend Bitcoin, stake Ether, or sell options to generate income from 'sleeping assets'. Bitcoin mining companies like MARA Holdings and CleanSpark are leading the way in testing these strategies—using crypto options and derivations to boost revenue rather than passively holding assets. CleanSpark is also planning to explore more complex derivative instruments to profit from market fluctuations.