Bitcoin Treasury Twenty One Set to Begin Trading on NYSE With $4 Billion BTC Stash

Core Insights - Twenty One Capital, Inc. has received shareholder approval for its merger with Cantor Equity Partners (CEP) [1] - The transaction is expected to close around December 8, pending regulatory conditions [2] - The merged entity will operate under the Twenty One Capital name and is set to begin trading on the NYSE on December 9 with the ticker symbol XXI [3] Company Overview - Twenty One Capital is positioned as the first Bitcoin-native company expected to be publicly listed [3] - The company will hold approximately 43,500 BTC, valued at around $4 billion, making it potentially the third-largest corporate Bitcoin holder [4] - The venture involves collaboration with Tether, Bitfinex, Cantor Fitzgerald, and SoftBank, with the name referencing Bitcoin's total supply of 21 million coins [5] Market Reaction - Cantor Equity Partners stock surged by about 22% to $14.50 following the merger announcement, although it remains down approximately 66% over the last six months [6] - Bitcoin's price has increased by about 2.5% this week, trading above $93,000 after a recent decline [6] - Traders on the Myriad platform predict a 76% chance that Bitcoin will reach $100,000 before dropping to $69,000 [7]