How Jack Mallers Proves 21’s Bitcoin Reserves — Or Does He? 🤔

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How Jack Mallers Proves 21’s Bitcoin Reserves — Or Does He? 🤔

In the dim glow of Las Vegas, amidst the clatter of chips and dreams, Jack Mallers announced something big, or so he claims. During Bitcoin 2025, he unveiled a “milestone” in transparency that surely would make auditors weep—or laugh. Yes, dear reader, apparently now we can see where the Bitcoin went—if only we believe it’s real, which, frankly, is up for debate.

According to Mallers, 21 has released five publicly verifiable Bitcoin addresses. Think of them as little digital piggy banks filled with over 42,000 BTC—enough to buy a small country or a very fancy yacht. These funds come from big shots: Tether, Bitfinex, and soft-spoken SoftBank, all contributing their loot as if they were neighbors passing around sugar.

  • 14,000 BTC from Tether. Because what could possibly go wrong? 😂
  • 7,000 BTC from Bitfinex—secretly hoarding it for a rainy day, perhaps.
  • 10,500 BTC from Tether on behalf of SoftBank—talk about a generous donation from the Big Cheque.

And that’s not all, folks! There’s more treasure from recent ventures, including a $100 million note—because what’s life without a little debt?

All these addresses are supposedly on-chain, visible to anyone with an internet connection, ready to be scrutinized—or ignored. They’ll be posted to 21’s website and social channels, because transparency is best served with a side of vanity.

Mallers made sure to mention that such openness isn’t exactly possible with old-fashioned assets like gold. He—the prophet of crypto—reminded us of the long-forgotten plans to audit Fort Knox. Apparently, Bitcoin’s verifiability is its shining virtue, unless you’re into conspiracy theories or wishful thinking. His mission? To bring Bitcoin straight to the big leagues, not just to entertain Wall Street’s fancy new crypto toys.

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2025-06-06 12:00