21 Capital, a prominent company holding a substantial Bitcoin treasury, will commence trading on the New York Stock Exchange (NYSE) next week. The company currently holds approximately 43,514 bitcoins, valued at nearly $4 billion, making it the largest Bitcoin treasury firm on the NYSE and the second-largest corporate holder of Bitcoin globally. Formed through a merger with Cantor Equity Partners (CEP), approved by Cantor’s shareholders, the company will operate under the name 21 Capital with the ticker symbol “XXI,” representing the total supply of 21 million bitcoins, of which about 19.95 million have been mined.
21 Capital’s business model focuses on providing investors with direct Bitcoin exposure via a new metric called “Bitcoin per Share,” enabling real-time monitoring of the company’s actual Bitcoin holdings through on-chain proof of reserves. Unlike other digital asset firms managing diverse businesses, 21 Capital concentrates solely on Bitcoin accumulation and related services. Established through partnerships with Tether, Bitfinex, SoftBank, and Cantor Fitzgerald, Tether and Bitfinex are majority shareholders supporting the company’s public listing, while Cantor Fitzgerald offers investment banking and capital markets expertise, and CEP facilitated the merger through a SPAC vehicle.
Trading will begin on December 9, one day after the merger closes. The company also plans to expand Bitcoin-related services, including payments and infrastructure. CEO Jack Millers emphasized their primary goal of increasing the “Bitcoin per Share” metric to enhance shareholder value. This development marks a significant advancement in Wall Street’s direct Bitcoin asset exposure, offering investors secure and transparent opportunities in cryptocurrency investment.
Source: bitcoinmagazine
