Mentioned:
There’s a new public company on the New York Stock Exchange. And they are already one of the largest holders of Bitcoin in the entire world.
What’s happening:
- Twenty One Capital (NYSE: XXI) has officially closed their business combination with SPAC Cantor Equity Partners to become a publicly traded company on the New York Stock Exchange
Why it matters:
- Twenty One Capital is led by prominent Bitcoin entrepreneur Jack Mallers and is funded by both Tether, SoftBank and Cantor Fitzgerald
Going deeper:
- Twenty One Capital currently holds 43,500 Bitcoin directly as an asset, which makes them one of the single largest holders of Bitcoin amongst all publicly listed companies in the world
- Jack Mallers has publicly stated that Twenty One Capital also plans to launch products focused on Bitcoin adoption and will pursue more than just accumulating Bitcoin to hold passively as an asset
