Twenty One Capital, a Bitcoin-focused firm, is set to launch trading on the New York Stock Exchange with the ticker “XXI” on December 9, following the imminent merger with Cantor Equity Partners (CEP), a special purpose acquisition company (SPAC), slated for December 8.
The merger was approved by CEP shareholders on December 4, paving the way for the firm’s public debut. The completion of the deal is still contingent upon fulfilling specific closing conditions.
After the merger, the entity will maintain the Twenty One Capital name and will be headed by Strike CEO Jack Mallers.
The company claims to be the “first-ever Bitcoin-native firm that anticipates being publicly listed,” aiming to provide investors public equity exposure to the leading cryptocurrency through its business model and capital structure.
Twenty One intends to concentrate on “capital-efficient bitcoin accumulation” and enhancing services related to the Bitcoin ecosystem. The firm currently holds 43,514 BTC, valued at $4 billion, positioning it as the third-largest publicly traded holder of Bitcoin, according to BitcoinTreasuries. The largest holder, MicroStrategy (MSTR), owns 650,000 BTC.
Previously, the firm revealed intentions to roll out a “bitcoin-per-share” metric for investors to directly monitor their holdings, ensuring real-time audibility through on-chain proof-of-reserves. Tether and Bitfinex are majority stakeholders in the company.
Cantor Equity Partners is sponsored by Cantor Fitzgerald, a financial services provider with strong roots in investment banking and capital markets.
Read more: Strike CEO Mallers to Lead Bitcoin Investment Company Backed by Tether, Softbank, Brandon Lutnick
