Twenty One Capital, a Bitcoin-focused firm, is set to begin trading on the New York Stock Exchange under the ticker “XXI” on December 9. The listing will follow its planned merger with Cantor Equity Partners, a SPAC backed by Cantor Fitzgerald. The merger was approved by CEP shareholders on December 4, with the remaining closing conditions pending.
The company positions itself as the first publicly listed bitcoin-native entity. It will offer investors exposure to BTC through its business model and capital structure. It emphasizes “capital-efficient bitcoin accumulation” and the development of services within the broader Bitcoin ecosystem.
Currently, Twenty One Capital holds 43,514 BTC, valued at approximately $4 billion, making it the third-largest publicly disclosed bitcoin holder. The firm plans to introduce a “bitcoin-per-share” metric, allowing investors to track their holdings with on-chain proof-of-reserves. Majority ownership rests with Tether and Bitfinex, and the company will be led by Strike CEO Jack Mallers.
