Twenty One Capital announced on December 8th that it has successfully completed its business combination with Cantor Equity Partners. Following this completion, the company's Class A common stock is scheduled to commence trading on the New York Stock Exchange on December 9th. The stock will be listed under the ticker symbol XXI and is backed by a substantial treasury of over 43,500 Bitcoin.
Company Structure and Strategic Focus
The company is primarily owned by Tether and Bitfinex, with SoftBank Group holding a significant minority stake. Twenty One Capital is recognized as the world's third-largest public corporate holder of Bitcoin. Its operational strategy involves pairing its extensive Bitcoin balance sheet with a dedicated platform focused on Bitcoin-native financial services. This platform encompasses capital markets advisory, lending services, and educational media. The company is positioned as a specialized investment vehicle for investors seeking publicly traded equity exposure to a large, actively managed Bitcoin treasury.
Commitment to Transparency and Market Expectations
From its inception as a public entity, Twenty One Capital's management has committed to maintaining a high level of public-market transparency. This commitment includes the regular publication of on-chain proof of its Bitcoin holdings. These proofs will be accessible via a dedicated mempool space page, allowing shareholders to perform real-time verification of the company's assets. As trading under the ticker XXI begins, market participants will closely observe Twenty One Capital's execution of its strategy. The company aims to allocate capital effectively with the overarching goal of increasing its Bitcoin holdings per share. Furthermore, it intends to develop financial products that are built "with and on" Bitcoin, all within the framework of a listed company.