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Podcast: Unchained
Episode: Twenty One Aims to Buy as Much Bitcoin as Possible. Can It Succeed?
Description: A new company called Twenty One is making waves—with a launch strategy that echoes Strategy (formerly MicroStrategy), a cap table that includes Tether, SoftBank, and Cantor Fitzgerald, and a plan to acquire more Bitcoin than anyone else.They’re starting with 42,000 BTC, worth nearly $4 billion, and they’ve hinted they’ll use convertible debt, equity raises, and other market mechanics to buy more.But is this just a smarter MicroStrategy? Or a recipe for financial reflexivity gone wrong?In this episode, Matthew Sigel, head of digital assets research at VanEck, digs into:
How t...