"Twenty One Capital will start trading on the New York Stock Exchange on December 9. The company will use the ticker symbol XXI. Twenty One Capital is the result of a merger with Cantor Equity Partners (CEP). CEP shareholders approved the deal, clearing the way for the transaction to close around December 8. The merged entity will operate under the Twenty One Capital name."
"The company will launch with about 43,514 BTC. At current prices, that is roughly $4 billion. This will make Twenty One Capital the largest BTC treasury company listed on the NYSE. Globally, it will be the second-largest corporate BTC holder after Strategy. The firm was first announced in April as a joint venture between Tether, Bitfinex, SoftBank, and Cantor Fitzgerald. The name refers to Bitcoin's total supply of 21 million coins, of which about 19.95 million have been mined."
Twenty One Capital will begin trading on the New York Stock Exchange on December 9 under ticker XXI after completing a merger with Cantor Equity Partners and CEP shareholder approval expected around December 8. The merged company launches with roughly 43,514 BTC (about $4 billion), making it the largest BTC treasury firm listed on the NYSE and the second-largest corporate holder globally after Strategy. The firm originated as a joint venture among Tether, Bitfinex, SoftBank, and Cantor Fitzgerald. Holdings include a July transfer of 5,800 BTC from Tether. Funding included $585 million PIPE pre-merger and $100 million in convertible notes. The company will report a Bitcoin Per Share metric using on-chain proof-of-reserves to give investors direct BTC exposure and plans to continue growing its treasury.
Read at Bitcoin Magazine
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