Bitcoin price today dropped alongside broader market sentiment as Twenty One Capital (NYSE: XXI) debuted on the New York Stock Exchange on December 10. The firm, formed through a merger with Cantor Equity Partners, holds over 43,000 BTC—valued at nearly $4 billion—making it one of the largest publicly traded Bitcoin treasury companies. However, its stock price closed near $11, below the $14 level from Cantor’s pre-merger valuation. This reflects a sector-wide repricing as Bitcoin price prediction models adjust to a tightening market and falling premiums. Backed by Tether, Bitfinex, and SoftBank, the firm plans to expand into Bitcoin financial infrastructure and education, though these efforts remain in early phases. Investors are now watching if Twenty One can shift from a balance sheet-driven approach to a sustainable commercial model.
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