Bitcoin Treasury Twenty One Capital to Start Trading on NYSE Next Week With $4 Billion BTC Treasury
Summary
Bitcoin treasury firm Twenty One Capital, resulting from a merger with Cantor Equity Partners (CEP), is set to start trading on the New York Stock Exchange (NYSE) on December 9 under the ticker XXI. The newly merged entity will launch with approximately 43,514 BTC, valued around $4 billion, making it the largest BTC treasury company listed on the NYSE and the second-largest corporate BTC holder globally after Strategy. The firm, initially announced as a joint venture involving Tether, Bitfinex, SoftBank, and Cantor Fitzgerald, focuses solely on Bitcoin accumulation and related services, differentiating itself from competitors with multiple business lines. Twenty One Capital will introduce a metric called "Bitcoin Per Share," which shows the amount of BTC held per share, verifiable through on-chain proof-of-reserves. CEO Jack Mallers confirmed the debut, emphasizing the goal of increasing Bitcoin per share to enhance shareholder value, with plans to expand into Bitcoin-connected services like payments and infrastructure.
(Source:Bitcoin Magazine)