Bitcoin Firm Twenty One to Start Trading on NYSE Dec 9
Key Takeaways
- Twenty One Capital is expected to make its debut on the New York Stock Exchange (NYSE) tomorrow, December 9, under the ticker symbol XXI.
- According to the Twenty One Capital co-founder and CEO, Jack Maller, they would be moving over 43,500 bitcoin out of escrow and into their custody as part of the closing process.
- The company, branded itself as the ‘first-ever Bitcoin-native firm expected to be publicly listed’, is backed by Cantor Equity Partners (CEP), Tether, SoftBank Group, and Bitfinex.
- The debut of a completely BTC-native company shows strong institutional conviction in Bitcoin.
- The BTC is currently holding around $91,703.89, 2.61% up in the past 24 hours.
Twenty One Capital is expected to make its debut on the New York Stock Exchange (NYSE) tomorrow, December 9, under the ticker symbol XXI. The company is moving over 43,500 bitcoin out of escrow and into its custody as part of the launch.
The Twenty One Capital is Moving Over 43,500 As a Part of the Upcoming NYSE Debut
According to the Twenty One Capital co-founder and CEO, Jack Maller’s post on X (formerly Twitter), as part of the closing process, they would be moving over 43,500 bitcoin out of escrow and into their custody. He further added that they would update the proof of reserves accordingly. The trading of Class A common stock of Twenty One Capital is expected to be benign tomorrow on the NYSE.
The company, branded itself as the ‘first-ever Bitcoin-native firm expected to be publicly listed’, is backed by major players including Cantor Equity Partners (CEP), Tether, SoftBank Group, and Bitfinex. Formed back in April 2025, the company is likely to become the third-largest holder of BTC after launch. Moreover, according to Lookonchain’s X post shared today, Twenty One Capital transferred 43,122 $BTC($3.94B) to a new wallet.
The firm is solely focused on building a BTC treasury, without any other traditional business, making it a purely BTC-focused entity, a departure from the other Digital Asset treasury companies, which have BTC accumulating as primary focus, but without completely excluding traditional business options. Jack Mallers had earlier said during the launch of the company that markets need reliable money to measure value and allocate capital efficiently. He believed that Bitcoin was the answer, and Twenty One was how they would bring that answer to public markets. He further added that they were not there to beat the market, but to build a new one: a public stock, built by Bitcoiners, for Bitcoiners.
According to the proponents behind the firm, they will introduce two key performance metrics, namely Bitcoin Per Share (BPS) and Bitcoin Return Rate (BRR). The former measures how much Bitcoin each share of the company represents, so investors can measure their ownership in Bitcoin instead of using traditional dollar-based earnings per share, while the latter shows how fast the Bitcoin amount per share is increasing. According to an earlier announcement, the company will reportedly hold 43,500 BTC worth around 4 billion and around 5,800 BTC from Tether when it starts trading. The debut of the completely BTC-native company shows strong institutional conviction in the most valued digital currency. Amid the positive institutional developments and anticipation around an easy monetary policy, BTC is in the green today.
How is BTC Faring Now?
The BTC is currently holding around $91,703.89, 2.61% up in the past 24 hours. The traders are now worried about rate cuts tinged with a hawkish tone, which would likely create a mixed or even bearish impact. The Fear & Greed Index value of 20 (Extreme Fear) suggests that the investors are walking on a tightrope.
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