Twenty One Capital Lists On NYSE With $3.9B BTC
The post Twenty One Capital Lists On NYSE With $3.9B BTC appeared on BitcoinEthereumNews.com. Twenty One Capital lists on the NYSE with 43,514 BTC and a $3.9 billion Bitcoin treasury. Jack Mallers says the firm will buy “as much Bitcoin as possible” under ticker XXI. Backers include Tether, Bitfinex, Cantor Fitzgerald, and SoftBank with over $850 million raised. Twenty One Capital, the Bitcoin firm co founded by Jack Mallers, made its public debut on the New York Stock Exchange under the ticker XXI. The move immediately placed Twenty One Capital among the largest public institutional Bitcoin holders in the world. Third-Largest Public Bitcoin Holder on Day One The listing follows a business combination with Cantor Equity Partners and launches the firm with a treasury of 43,514 BTC, worth approximately $3.9 billion. This instantly places Twenty One Capital as the third largest publicly traded Bitcoin holder, behind only MicroStrategy and Marathon. Mallers, speaking live on CNBC, said the mission is to “buy as much Bitcoin as we possibly can”. Meanwhile, he stressed that Twenty One is not merely a BTC holding vehicle. The company plans to build an entire Bitcoin focused financial ecosystem, including capital markets advisory, lending models, and Bitcoin education media. “Bitcoin is honest money,” Mallers said, adding that the firm’s goal is to give BTC “the place it deserves in global markets.” Institutional Backing The NYSE debut is supported by a heavy slate of institutional partners, including Tether, Bitfinex, Cantor Fitzgerald, and SoftBank. Twenty One’s PIPE financing included $486.5 million in senior convertible notes and roughly $365 million in common equity commitments. Mitchell Askew, head of Blockware Intelligence, described the launch as a new template for Bitcoin native public companies. He noted that Twenty One’s institutional networks could make the firm “a major player not only in Bitcoin, but in the grand arc of financial history.” Bitcoin Treasury Paired With Operating Businesses…