Twenty One Capital eyes Tuesday debut following Cantor Equity Partners merger

Bitcoin-focused financial company Twenty One Capital, led by Jack Mallers, is set to list on the New York Stock Exchange next Tuesday under the ticker symbol “XXI” following shareholder approval of its merger with special purpose acquisition company Cantor Equity Partners. The company, which launched in April with the goal of building one of the largest corporate Bitcoin treasuries, is backed by firms including Cantor Fitzgerald, Tether, Bitfinex, and SoftBank. Upon listing, Twenty One Capital is expected to become the third-largest corporate holder of Bitcoin, trailing only Strategy and MARA Holdings, with 43,514 BTC currently valued around $4 billion. This listing occurs amid pressure on companies with large Bitcoin holdings following a recent volatile crypto crash that saw significant liquidations and a sharp drop in Bitcoin's price, leading to questions about the viability of corporate treasury strategies.

(Source：Cointelegraph)