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Bitcoin-Focused Firm Twenty One Sees Public NYSE Listing on Dec. 9
The firm offers public equity exposure to bitcoin, focusing on "capital-efficient bitcoin accumulation" and Bitcoin ecosystem services.
Dec 4, 2025, 11:18 a.m.
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What to know:
- Twenty One Capital said it expects to start trading on the NYSE under the "XXI" ticker on Dec. 9, after merging with Cantor Equity Partners.
- The firm offers public equity exposure to bitcoin, focusing on "capital-efficient bitcoin accumulation" and Bitcoin ecosystem services.
- Twenty One Capital holds 43,514 BTC ($4 billion) and plans to introduce a "Bitcoin Per Share" metric, with Tether and Bitfinex as majority owners.
Bitcoin -focused firm Twenty One Capital is set to begin trading on the New York Stock Exchange under the ticker “XXI” on Dec. 9 following the expected completion of its merger with Cantor Equity Partners (CEP), a special purpose acquisition company (SPAC), the day before.
CEP shareholders approved the combination during a meeting held Dec. 4, clearing the path for the firm to go public. The deal still requires the fulfillment of certain closing conditions.
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The merged entity will retain the Twenty One Capital name and be led by Strike CEO Jack Mallers.
The company, which bills itself as the “first-ever Bitcoin-native company that expects to be publicly listed,” plans to give investors public equity exposure to the largest cryptocurrency through its capital structure and business model.
Twenty One says its business will focus on “capital-efficient bitcoin accumulation” and developing services related to the Bitcoin ecosystem. The firm currently holds 43,514 BTC, worth $4 billion. That makes it the third-largest holder among publicly traded companies, according to BitcoinTreasuries. The largest, Strategy (MSTR), holds 650,000 BTC.
The firm has in the past revealed plans to introduce a “bitcoin-per-share” metric to let investors track their holdings directly, which will remain auditable in real time with onchain proof-of-reserves. Tether and Bitfinex are majority owners in the firm.
Cantor Equity Partners is backed by Cantor Fitzgerald, a financial services firm with deep roots in investment banking and capital markets.
Read more: Strike CEO Mallers to Lead Bitcoin Investment Company Backed by Tether, Softbank, Brandon Lutnick
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