Twenty One Capital to Debut on NYSE with a $4 Billion Bitcoin Stash
In an exciting development for the cryptocurrency market, Bitcoin treasury firm Twenty One Capital is poised to begin trading on the New York Stock Exchange (NYSE) on December 9 under the ticker symbol XXI. This groundbreaking move marks the firm’s debut with approximately $4 billion worth of Bitcoin in its treasury, making it a major player in the evolving Bitcoin ecosystem.
Collaborative Venture Backed by Industry Titans
Twenty One Capital represents a collaborative effort by notable companies such as Tether, Bitfinex, Cantor Fitzgerald, and SoftBank. The firm’s name is a nod to Bitcoin’s fixed supply cap of 21 million coins, emphasizing its focus on Bitcoin-native investments. This unique strategy has positioned the company as one of the largest corporate holders of Bitcoin, with a stash that includes around 43,500 BTC after a contribution of 5,800 BTC from Tether.
Merger and Regulatory Progress
Twenty One Capital recently received shareholder approval for a business combination with Cantor Equity Partners (CEP). The merger is set to close on December 8, pending regulatory green lights from the SEC. The announcement has already influenced CEP’s stock, which surged 22% following the news despite previous six-month declines.
A Bitcoin-Native Vision
“Game on. See you at the NYSE on Tuesday,” said Jack Mallers, the CEO and co-founder of Twenty One Capital, emphasizing the firm’s mission to pioneer Bitcoin-focused public offerings. With its bold entry onto the NYSE, Twenty One Capital stands to solidify its position as the first Bitcoin-native public company, competing with major corporate Bitcoin holders such as MicroStrategy and MARA.
Bitcoin Market Update
While Bitcoin recently rebounded to trade above $93,000 after a dip earlier this week, it remains 26% below its all-time high of $126,000 recorded in October. However, traders on prediction platform Myriad give it a robust 76% probability of climbing to $100,000 before dropping below the psychologically significant $69,000 level.
Broader Implications for the Crypto Industry
The entrance of Twenty One Capital into the NYSE signals growing institutional acceptance of Bitcoin and cryptocurrency as foundational financial assets. As Bitcoin adoption surges globally, this milestone sets a precedent for more Bitcoin-native firms to enter public markets.
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