The U.S. Secretary of Commerce's son, who heads the Bitcoin treasury company Twenty One, plans to increase holdings to 43,500 BTC before the company's IPO.

BlockBeats News, July 29th, Brandon Lutnick, son of the U.S. Secretary of Commerce and head of the Bitcoin treasury company Twenty One, announced that it is expected to increase its Bitcoin holdings by 5,800 coins before listing, with a minimum holding of 43,500 coins, making Twenty One the world's third-largest corporate Bitcoin treasury.

Investment firm Cantor Equity Partners previously announced plans to establish "Twenty One" through a SPAC merger. This will become a publicly traded company with Bitcoin at its core, receiving funding from Tether, Bitfinex, as well as investment firms Cantor Fitzgerald and SoftBank Group. Led by Brandon Lutnick, son of the U.S. Secretary of Commerce, the company plans not only to accumulate Bitcoin (allowing investors to gain exposure to the assets without actually holding them) but also to provide Bitcoin-related financial services and create a cryptocurrency content and media platform.