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Jack Mallers’ Twenty One jumps to third place among corporate bitcoin holders

The new venture overtook Riot Platforms in the race to stockpile the most bitcoin.

Yaël Bizouati-Kennedy

It took just a few weeks for newcomer Twenty One, the new bitcoin-native company launched by Strike CEO Jack Mallers, Tether, and SoftBank Group, to become the third-largest corporate bitcoin holder.

The company, which said it would be a superior vehicle to Michael Saylor’s bitcoin holding company, Strategy, added 4,812.2 bitcoin on May 13 (acquired via Tether), bringing its total holdings to 31,500, according to a regulatory filing. This brings it closer to its aim to hold 42,000 bitcoin when the company launches under the ticker “XXI.” 

Meanwhile, Japanese company Metaplanet released its Q1 earnings yesterday, noting it has become the top Asian bitcoin corporate holder and the 11th globally. It was the company’s “strongest quarter,” CEO Simon Gerovich said in an X post. With its latest bitcoin acquisition this week, the company now holds “more bitcoin than El Salvador.”

Metaplanet holds 6,796 bitcoin, reaching 68% of its 10,000 bitcoin target in roughly four months, its earnings presentation showed. It also achieved a 170% BTC yield year to date. Q1 revenue increased 8% quarter over quarter, largely driven by bitcoin income generation.

Strategy, the original bitcoin stockpiler, added 13,390 bitcoin this week for $1.34 billion, bringing its total to 568,840.  

This week also saw the newest entrant in the Strategy copycat race, Nakamoto, launched by President Trump’s crypto advisor, David Bailey. Nakamoto aims to “elevate bitcoin to every public and private corporate balance sheet around the world,” Bailey told Sherwood News.

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US Attorney David Metcalf announced Thursday the arrests of Ruslan Igorevich Tkachuk and Alexander Vladimirovich Ledenev, alleged senior members of AudiA6, a cryptocurrency money-laundering service believed to be responsible for laundering over $389 million.

The arrests coincided with a coordinated international takedown of AudiA6 and its infrastructure, involving the search of three properties, the seizure of servers and domains connected to the organization, as well as freezing cryptocurrency assets, according to a Department of Justice press release.

Tkachuk and Ledenev were “charged by criminal complaint with one count of conspiracy to launder monetary instruments and one count of sting money laundering,” the DOJ said. If convicted, they face a maximum possible sentence of 20 years of incarceration.

Per the criminal complaint, AudiA6 offered services to conceal the origin of cryptocurrency linked to criminal activity, charging fees of up to 5% of the amount laundered.

The two defendants are in custody of Republic of Georgia authorities, and the US Attorney’s Office aims to seek their extradition to the Eastern District of Pennsylvania.

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Solana shoves all in on poker with new partnership

If you’ve got money locked up on-chain and an itch to gamble with it in a new way, has the World Series of Poker got good news for you. The WSOP announced it will integrate solana’s blockchain technology into the tournament through crypto payments firm MoonPay.

At its big summer event, players will have the option to buy into tournaments using crypto directly for the first time. In the WSOP’s Bahamas event in December, winners will be able to receive settlements in stablecoins on solana, reducing friction with international settlements.

“Solana’s ecosystem, like the WSOP, constantly challenges conventions and remains laser-focused on the consumer experience,” WSOP CEO Ty Stewart said in a statement. “Solana’s speed and efficiency mirror the fast-paced energy of our tournaments, and we are excited to showcase their technology to our global audience.”

The price of solana dipped slightly today, but has dropped more than 48% in 2026, data from CoinMarketCap shows.

Solana has been a popular network, in part from meme coin trading over the past two years, involving viral animal sensations as well as political figures such as President Donald Trump and first lady Melania Trump as well as Argentine President Javier Milei.

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6/10/26
Half of the bitcoin supply in circulation is underwater for the first time since 2022

A silver lining to the statistic may be that it’s a level that has historically aligned with cycle bottoms, and that some now view the asset as cheap.

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