The Internet reported that in an investor report filed with the U.S. Securities and Exchange Commission, Twenty One Capital, a bitcoin company controlled by Tether and Bitfinex, disclosed that it would start with a reserve holding of more than 42,000 BTC, of which approximately 23,950 BTC will come from Tether, 10,500 BTC will come from SoftBank, and 7,000 BTC will come from Bitfinex. The company plans to convert Bitcoin reserves into equity at a price of US$10 per share. Twenty One also said they may be a "superior investment tool" for investors seeking capital-efficient Bitcoin investments than Strategy's (formerly MicroStrategy) business model.