Twenty One Capital, a Bitcoin-native company co-founded by Jack Mallers, has commenced public trading on the New York Stock Exchange under the ticker symbol XXI. The launch follows the completion of its business combination with Cantor Equity Partners.
The company distinguishes itself by holding a treasury of 43,514 Bitcoin, valued at approximately $3.9 billion, positioning it as the world's third-largest public corporate holder of the cryptocurrency. Beyond offering investors direct exposure to Bitcoin, Twenty One Capital aims to develop a corporate architecture to support financial products built on Bitcoin, including native lending models and capital market instruments.
The firm launched in April with significant institutional backing from entities including Cantor Fitzgerald, Tether, Bitfinex, and SoftBank. This support underscores a growing institutional endorsement of Bitcoin. The company plans to establish Bitcoin-centric operating businesses focused on generating recurring revenue and expanding institutional engagement with the asset. This strategy includes initiatives in educational content and developing Bitcoin-aligned alternatives to traditional financial services, signaling an effort to build a comprehensive ecosystem around the cryptocurrency.
