Jack Mallers’ Twenty One Capital has formally launched for public buying and selling on the New York Inventory Change underneath the ticker XXI, marking a big milestone for institutionally-backed, bitcoin-native companies within the US market.
The transfer follows the corporate’s enterprise mixture with Cantor Fairness Companions and positions it as a serious participant within the digital asset sector.
Ambition to guide bitcoin holdings
Twenty One Capital at present holds 43,514 bitcoin, valued at roughly $3.9 billion, making it the world’s third-largest public company bitcoin holder after Technique (MicroStrategy) and MARA Holdings.
Jack Mallers, co-founder, commented on the launch:
“Bitcoin is sincere cash. That’s why individuals select it, and that’s why we constructed Twenty One on high of it. Itemizing on the NYSE is about giving Bitcoin the place it deserves in international markets and giving buyers the very best of Bitcoin: its energy as a reserve and the upside of a enterprise constructed on it.”
Institutional backing and strategic imaginative and prescient
The corporate was launched in April with backing from Cantor Fitzgerald, Tether, Bitfinex, and enterprise capital large SoftBank.
Cantor is a Federal Reserve Main Seller, Tether is the main stablecoin issuer, and SoftBank manages $330 billion in belongings.
This institutional assist underscores rising mainstream endorsement of bitcoin as a reserve asset.
Mitchell Askew, head of Blockware Intelligence, remarked:
“Twenty One can be a serious participant not solely in Bitcoin, however within the grand arc of monetary historical past. NOBODY is bullish sufficient.”
Ecosystem past holding bitcoin
Past accumulating bitcoin, Twenty One Capital goals to construct a “company structure” for monetary services rooted in bitcoin.
Initiatives embody growing native lending fashions, capital market devices, instructional content material, and branded media to advertise bitcoin literacy.
The corporate additionally plans to supply options to legacy monetary companies, indicating a broader strategic imaginative and prescient than merely holding bitcoin on its stability sheet.