Announcing Proof of Reserves for Twenty One
As Bitcoiners, we hear a lot about how Wall Street has arrived to #Bitcoin. With Twenty One, #Bitcoin has arrived on Wall Street.
Don't trust, verify.
We will be publishing multiple addresses over the next week proving our #Bitcoin reserves.
Our first address can be seen below, which contains 4,812.22 BTC that was acquired via proceeds of a prior transaction:
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We are also announcing today that, as of May 22, the Convertible Note Investors (all but one) and the Sponsor have exercised the option in full to purchase, in the aggregate, $100 million of Option Convertible Notes. See the Form 8-K below.
Over the next week, the four more #Bitcoin addresses we plan to publish are as follows:
- 14,000 BTC that's been contributed by Tether
- 7,000 BTC that's been contributed by Bitfinex
- 10,500 BTC that's an additional contribution from Tether on behalf of SoftBank
- The BTC we intend to acquire via the proceeds from the transaction announced today
The contributions are subject to closing of the previously announced business combination with Cantor; following such closing the BTC reserves will be transferred to wallets owned by Twenty One.
