Wall Street Braces as Bitcoin Goes Public for the First Time | US Crypto News
Twenty One Capital, a Bitcoin-native company, is set to list on the NYSE on December 9, 2025, following a shareholder-approved merger.Summary
Wall Street is anticipating the public listing of Twenty One Capital, which is positioned as the first Bitcoin-native company to trade on the NYSE under the ticker 'XXI' starting December 9, 2025. This follows the approval of a merger between Twenty One Capital and Cantor Equity Partners, with the deal expected to close on December 8, 2025. The firm, led by Strike CEO Jack Mallers and majority-owned by Tether and Bitfinex, currently holds 43,514 BTC, valued around $4 billion, making it a significant public holder of the cryptocurrency.
Twenty One Capital aims to provide investors with a regulated pathway to gain Bitcoin exposure through equity markets, emphasizing transparency via a planned "Bitcoin Per Share" metric linked to auditable on-chain reserves. This development occurs amid existing tensions between the crypto industry and traditional finance, highlighted by JPMorgan Chase closing Jack Mallers' personal accounts.
The listing is viewed as a potential precedent for other crypto-native firms seeking regulated market access, broadening institutional and retail participation in the Bitcoin economy, even as broader market scrutiny continues regarding index reclassifications impacting companies with large BTC treasuries.
(Source：BeInCrypto)