Twenty One Capital To Become Largest NYSE-Listed Bitcoin Treasury Company—Second Only to Strategy Overall

Key Takeaways

• Shareholders person approved a merger betwixt Twenty One Capital and Cantor Equity Partners.

• The combined entity volition commencement trading connected the New York Stock Exchange (NYSE) opening Dec. 9.

• Twenty One volition go NYSE’s largest Bitcoin treasury institution and the 2nd largest successful the satellite aft Strategy.

The New York Stock Exchange is expected to invited its largest Bitcoin treasury institution yet, acknowledgment to a merger betwixt Twenty One Capital and Cantor Equity Partners.

After Strategy, the combined concern volition go the second-largest integer plus treasury (DAT) steadfast and the third-largest nationalist Bitcoin holder successful the world.

Twenty One Capital was established earlier this year, with Tether, Bitfinex, SoftBank, and Cantor Fitzgerald injecting astir 42,000 BTC to effect the caller treasury.

Pre-merger, Cantor Equity Partners raised an further $585 cardinal done Private Investment successful Public Equity (PIPE) financing, portion Twenty One Capital sold convertible notes worthy different $100 million.

Some of those currency reserves person already been deployed, bringing the firm’s full holdings to 43,514 BTC worthy astir $4 cardinal arsenic of Dec. 3.

The caller DAT elephantine has sought to differentiate itself successful an progressively crowded field.

Upon announcing the venture, laminitis and CEO Jack Mallers highlighted Twenty One’s singular absorption connected accumulating Bitcoin.

While the likes of Strategy and Metaplanet proceed to run different businesses connected the side, “we are arsenic axenic a play of Bitcoin accidental successful the superior markets arsenic we deliberation exists, and that is what sets america apart,” helium stated.

If everything goes according to plan, shares successful Twenty One Capital volition commencement trading connected the New York Stock Exchange (NYSE) opening Dec. 9.

Upon its debut, the steadfast volition go the largest NYSE-listed Bitcoin holder. While Strategy and the Bitcoin mining radical Marathon clasp much coins, they some commercialized connected the Nasdaq.

Previously, Mallers said his main occupation arsenic CEO would beryllium to summation Bitcoin per share, a metric has go galore DATs’ northbound star.

Twenty One’s strategy is to outperform the competition, strengthening shareholders’ presumption done much capital-efficient Bitcoin accumulation.

The station Twenty One Capital To Become Largest NYSE-Listed Bitcoin Treasury Company—Second Only to Strategy Overall appeared archetypal connected ccn.com.