Bitcoin Treasury Firm Twenty One Capital Lists on NYSE as XXI, Shares Drop 19.97%

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According to Bitcoin.com, Twenty One Capital made its NYSE debut under the ticker XXI on Dec. 9, with shares falling nearly 19.97% as the firm, holding 43,514 BTC, entered the public market. The company, formed via a SPAC merger with Cantor Equity Partners, positions itself as the first bitcoin-native public company, aiming to build a financial ecosystem around its large BTC holdings. The stock opened under pressure amid broader caution toward digital asset treasury (DAT) firms, with Bitcoin trading between $90,900 and $94,000 during the session. Twenty One plans to offer bitcoin-based financial products and onchain transparency, distinguishing itself from peers by diversifying revenue streams while maintaining a bitcoin-first approach.

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