Bitcoin-Focused Firm Twenty One Sees Public NYSE Listing on Dec. 9

Company Overview - Twenty One Capital, a Bitcoin-focused firm, is set to begin trading on the New York Stock Exchange under the ticker "XXI" on December 9 following its merger with Cantor Equity Partners (CEP) [1] - The merged entity will retain the Twenty One Capital name and will be led by Strike CEO Jack Mallers [2] Business Model and Strategy - The company aims to provide public equity exposure to Bitcoin through its capital structure and business model, focusing on "capital-efficient bitcoin accumulation" and developing services related to the Bitcoin ecosystem [2][3] - Twenty One Capital currently holds 43,514 BTC, valued at approximately $4 billion, making it the third-largest holder among publicly traded companies [3] Innovations and Metrics - The firm plans to introduce a "bitcoin-per-share" metric to allow investors to track their holdings directly, which will be auditable in real time with on-chain proof-of-reserves [4] - Tether and Bitfinex are majority owners of the firm, indicating strong backing from established players in the cryptocurrency space [4] Support and Backing - Cantor Equity Partners is backed by Cantor Fitzgerald, a financial services firm with a strong presence in investment banking and capital markets [4]