Derived from Chainthink, Twenty One Capital (ticker: XXI) listed on the New York Stock Exchange on December 10 after merging with Cantor Equity Partners. Despite holding over 43,000 BTC (nearly $4 billion in assets), the stock opened below $14, the final price of Cantor Equity Partners, and traded around $11 throughout the day. This follows a trend of Bitcoin treasury-focused companies underperforming on their IPOs amid a broader market correction and narrowing sector premiums. Twenty One Capital has received minor investments from Tether, Bitfinex, and SoftBank. Management plans to focus on building Bitcoin-related financial infrastructure and educational products, though these initiatives remain in early stages.
Twenty One Capital Debuts on NYSE with Stock Drop, Faces Broader Bitcoin Treasury Repricing
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