"Twenty One Capital, the Bitcoin-native company co-founded by Jack Mallers, officially began trading on the New York Stock Exchange today under the ticker XXI, following a business combination with Cantor Equity Partners. The firm debuted with a BTC treasury of 43,514 BTC, valued at roughly $3.9 billion, immediately making it the world's third-largest publicly traded Bitcoin holder. Speaking live on CNBC, Mallers said the company plans to "buy as much Bitcoin as [they] possibly can"."
"Mallers described Bitcoin as "honest money" and said Twenty One aims to give it "the place it deserves in global markets." The NYSE launch is backed by major institutional players, including Tether, Bitfinex, Cantor Fitzgerald, and SoftBank, reflecting a growing wave of institutional adoption of BTC. Twenty One's PIPE financing included $486.5 million in senior convertible notes and roughly $365 million in common equity commitments."
The company began trading on the New York Stock Exchange under the ticker XXI after a business combination with Cantor Equity Partners. The firm debuted with a BTC treasury of 43,514 BTC, valued at roughly $3.9 billion, becoming the world's third-largest publicly traded Bitcoin holder. The company plans to buy as much Bitcoin as possible and to build operating businesses around BTC, including capital markets advisory, lending models, and educational media. Institutional backers include Tether, Bitfinex, Cantor Fitzgerald, and SoftBank. PIPE financing comprised $486.5 million in senior convertible notes and about $365 million in common equity commitments. Shareholders will have on-chain verification of holdings. Initial shares opened with typical debut volatility, trading down over 23% to $10.97 before stabilizing.
Read at Bitcoin Magazine
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