Jack Mallers, who rose to fame by launching the Strike payments app, has secured billions of dollars for his bitcoin-holding venture Twenty One, which is backed by SoftBank and Tether.
"What we really pride ourselves on is being blue-chip credibility with startup upside," Mallers told CNBC's Crypto World this week. "We feel like we're big enough to win entering the market with billions of dollars of capital upon launch, but we're small enough to grow and we're small enough to post bitcoin-denominated returns in what's becoming a really competitive capital markets appetite for bitcoin exposure."