Bitcoin Treasury Twenty One to Trade on NYSE with $4 Billion BTC Stash

Bitcoin treasury company Twenty One Capital, Inc. has received shareholder approval for the business combination with Cantor Equity Partners (CEP), with CEP shareholders voting in favor of the proposed merger and all related proposals.

The transaction is expected to close around December 8, pending completion of the closing conditions described in filings with the SEC. Upon completion of the business combination and associated PIPE financing, the merged entity will operate as Twenty One Capital.

The company’s Class A common stock is expected to begin trading on the New York Stock Exchange on December 9, using the ticker symbol XXI. Twenty One Capital has billed itself as “the very first Bitcoin-native company to expect to list on the stock exchange.”

“Game on. See you Tuesday at the NYSE,” Twenty One CEO and co-founder Jack Mallers posted on X.

In July, Twenty One Capital announced that it will own approximately 43,500 BTC – currently worth around $4 billion – when it begins trading, following a addition of 5,800 BTC from stablecoin giant Tether. This positions the company as potentially the third-largest corporate Bitcoin holder, behind only Strategy and Bitcoin miner MARA.

First announced in April, Twenty One is a partnership between Tether, Bitfinex, Cantor Fitzgerald and SoftBank. The company’s name refers to Bitcoin’s total possible supply of 21 million coins, of which approximately 19.95 million BTC have been mined to date.

Shares of Cantor Equity Partners recently rose about 22% to a price of $14.50 on Thursday after the announcement late Wednesday. Still, CEP remains down about 66% over the past six months, after peaking in April following the announcement of the proposed merger.

Bitcoin is up about 2.5% this week, recently trading above $93,000 after recovering from a dip below $85,000 on Monday. BTC has fallen sharply over the past two months since setting a new all-time high above $126,000 in early October, currently down 26% from that peak.

Traders on Myriad: A prediction market platform operated by Declutter‘s parent company, Dastan, currently provides a 76% chance that Bitcoin is more likely to rise to a price of $100,000 than it can fall to $69,000, a level not seen in more than a year.