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.
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.
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.
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