Twenty One Capital Stock Falls on Debut Amid Bitcoin Price Pressure

Odaily

Release Time:12/10/2025 12:05:31

BTC

$88,261.700.31%

Twenty One Capital’s stock opened on the NYSE under ticker XXI after merging with Cantor Equity Partners. The firm holds 43,000 BTC, valued at $4 billion, making it one of the largest public Bitcoin holders. However, its stock traded below $14, the pre-merger price, near $11. The drop tracks the broader trend of Bitcoin custodial stocks underperforming as Bitcoin price today remains below its high and premiums shrink. The firm is backed by Tether, Bitfinex, and SoftBank. Analysts say large Bitcoin holders see shrinking premiums as the market favors clear operational models. Some experts are still making Bitcoin price prediction calls, though uncertainty remains high.

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.