Twenty One Capital Cleared for NYSE Debut Following Merger Approval - A New Era for Public Crypto Investment?

Forget waiting for a Bitcoin ETF—a new player just got the green light to bring crypto exposure directly to the world's most famous stock exchange.

The Regulatory Nod

Twenty One Capital has officially cleared its final hurdle, securing approval for its merger and a subsequent listing on the New York Stock Exchange. The move signals a maturing bridge between traditional finance and the digital asset ecosystem, offering institutional and retail investors a novel, publicly-traded vehicle.

What This Means for the Market

This isn't just another SPAC deal. It represents a structured, regulated path for capital to flow into cryptocurrency strategies under the watchful eye of the NYSE. The listing bypasses the complexities of direct crypto custody for many traditional portfolios, offering exposure through a familiar equity format. It’s a workaround for fund managers whose mandates still prohibit ‘owning’ Bitcoin but say nothing about owning a company that does.

The Bigger Picture

The approval cuts through the usual regulatory fog, setting a potential precedent. While skeptics will call it just another way to repackage risk for fees—because what in finance isn't?—the debut provides a legitimate, transparent counterpoint to the over-the-counter and private markets that have dominated institutional crypto investment until now.

Watch this ticker. Its performance will be a direct referendum on Wall Street's appetite for crypto, no acronym-laden ETF required.

TLDR

• Twenty One Capital merges with CEP, aims for NYSE debut on December 9.
• Company to hold 43,514 BTC, becoming 3rd largest corporate Bitcoin holder.
• CEP stock jumps 22% after Twenty One Capital merger announcement.
• Bitcoin-focused firm to introduce transparency with ‘bitcoin-per-share’ metric.
• Jack Mallers excited for Twenty One Capital’s upcoming public listing.

Twenty One Capital has received shareholder approval for its merger with Cantor Equity Partners (CEP). This approval paves the way for the company to go public on the New York Stock Exchange (NYSE) under the ticker symbol “XXI.” The merger, expected to close by December 8, will create a Bitcoin-focused financial entity poised to revolutionize the digital asset space.

Business Combination and Expected Launch

CEP shareholders approved the merger on December 4, enabling Twenty One Capital to MOVE forward with its plan to list publicly. The finalization of the deal is contingent upon meeting certain closing conditions. The merged company will retain the Twenty One Capital name, and its Class A common stock is expected to begin trading on the NYSE on December 9.

Jack Mallers, CEO of Strike and co-founder of Twenty One Capital, posted on social media, expressing excitement over the upcoming listing. “Game on. See you at the NYSE on Tuesday,” he wrote. The firm aims to position itself as a Bitcoin-native company with public equity exposure to the cryptocurrency, and its listing will provide a unique opportunity for investors to tap into Bitcoin’s growing market.

Bitcoin Treasury Strategy and Corporate Expansion

Upon its debut, Twenty One Capital will hold 43,514 BTC, valued at approximately $4 billion. This makes it the third-largest corporate Bitcoin holder, following Strategy and MARA Holdings. The company plans to focus on capital-efficient Bitcoin accumulation, which will solidify its position in the rapidly evolving Bitcoin ecosystem.

Twenty One Capital has already shown its commitment to transparency by introducing a “bitcoin-per-share” metric. This will allow investors to track the company’s bitcoin reserves, which will be auditable in real-time. With backing from Tether, Bitfinex, and SoftBank, the firm has positioned itself as a leader in Bitcoin treasury strategies.

The firm’s Bitcoin holdings, combined with its innovative approach, could reshape how publicly listed companies interact with cryptocurrency. With plans to introduce services related to the Bitcoin ecosystem, Twenty One Capital aims to expand beyond just holding Bitcoin and into creating long-term value for its stakeholders.

Merger Creates Momentum for CEP Stock

Cantor Equity Partners (CEP), the SPAC that is merging with Twenty One Capital, saw its stock surge following the announcement. The price recently rose by 22%, reflecting positive sentiment surrounding the merger. CEP’s stock remains down by about 66% over the past six months, largely due to the volatility of the crypto market.

CEP’s stock experienced a significant spike earlier this year, driven by the announcement of the merger with Twenty One Capital. Despite the recent surge, the stock’s long-term performance remains influenced by the volatile nature of the cryptocurrency sector. This highlights the inherent risk for companies involved in Bitcoin-heavy ventures like Twenty One Capital.

As the merger edges closer to completion, the combination of Twenty One Capital’s Bitcoin-focused strategy and CEP’s public listing could bring both new opportunities and challenges. The firm’s public debut will certainly mark a new chapter in the evolution of Bitcoin treasuries.