Twenty One Capital: New Bitcoin Giant on the NYSE

Twenty One Capital Debuts as Major Bitcoin Treasury

A new force has emerged in the Bitcoin investment landscape. Twenty One Capital is set to become the largest Bitcoin treasury company listed on the New York Stock Exchange (NYSE) following a merger with Cantor Equity Partners. The combined entity begins trading on December 9th.

This move positions Twenty One Capital as the second-largest digital asset treasury firm globally, trailing only MicroStrategy. It also lands them as the third-largest public holder of Bitcoin worldwide.

Key Takeaways

• Merger Approved: Shareholders have approved the merger between Twenty One Capital and Cantor Equity Partners.
• NYSE Listing: Trading begins on the NYSE on December 9th.
• Bitcoin Dominance: Focus is solely on accumulating Bitcoin, setting it apart from competitors.
• Significant Holdings: The company holds approximately 43,514 BTC, valued at around $4 billion.

Building a Bitcoin Fortress

Twenty One Capital launched earlier this year with substantial backing. Tether, Bitfinex, SoftBank, and Cantor Fitzgerald collectively invested approximately 42,000 BTC to seed the treasury. Prior to the merger, Cantor Equity Partners secured an additional $585 million through Private Investment in Public Equity (PIPE) financing, and Twenty One Capital sold convertible notes worth another $100 million.

Founder and CEO Jack Mallers has emphasized the company's exclusive focus on Bitcoin accumulation, contrasting it with other firms that operate diverse businesses alongside their Bitcoin holdings. His stated goal is to maximize Bitcoin per share, driving capital-efficient accumulation and outperforming competitors.