Jack Mallers’ Bitcoin Empire Hits the NYSE – Will It Survive?

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Institutionally-backed Bitcoin native company Twenty One Capital has launched for public trading on the New York Stock Exchange under the ticker XXI. 🎩✨

The Jack Mallers co-founded company has the ambition of becoming the largest publicly-traded holder of Bitcoin (BTC), and its Tuesday US launch follows the completion of its business combination with Cantor Equity Partners. 🤝💰

Twenty One Capital holds 43,514 Bitcoin, worth roughly $3.9 billion, making it the world’s third-largest public corporate holder of the asset after Michael Saylor’s Strategy and MARA Holdings. 🧠💎

“Bitcoin is honest money. That’s why people choose it, and that’s why we built Twenty One on top of it,” Mallers said on Monday, the day his firm began trading. 🤓

“Listing on the NYSE is about giving Bitcoin the place it deserves in global markets and giving investors the best of Bitcoin: its strength as a reserve and the upside of a business built on it.” 🚀

In addition to offering investors exposure to Bitcoin, Twenty One Capital intends to develop a “corporate architecture” that supports financial products built with and on Bitcoin, including native lending models and capital market instruments. 🏛️💸

The company launched in April with early backing from Cantor Fitzgerald, Tether, Bitfinex and venture capital firm SoftBank. The big-name backers, such as American financial services giant Cantor, provide another institutional endorsement of the asset, which has seen markets and trading dominated by institutions this year. 🤝📈

Twenty One Capital aims to be major player

Mitchell Askew, head of Blockware Intelligence, said, “This isn’t your average DAT whose primary strategy is hiring a C-tier Bitcoin influencer with a few thousand followers to bull post 24/7. The groups backing XXI are connected with the most powerful institutions in the world.” 🦄

“Twenty One will be a major player not only in Bitcoin, but in the grand arc of financial history. NOBODY is bullish enough.” 🎯

Cantor is a Federal Reserve Primary Dealer led by the sons of the Secretary of Commerce, Tether is the top stablecoin issuer and a major US Treasury holder, SoftBank manages $330 billion in assets, and Mallers founded Strike and comes from a prominent financial family. 🏦💼

On Monday, the company transferred its entire stash of BTC to a new wallet, according to Arkham Intelligence, potentially in preparation for the stock market debut. 🔐💸

Twenty One Capital more than just a Bitcoin hodler

Alongside its accumulation strategy, the company plans to establish a set of “Bitcoin-centric operating businesses” aimed at generating recurring revenue and expanding institutional engagement with the asset, according to a recent release. 📈🧠

It will focus on educational content and branded media to support Bitcoin literacy, as well as the rollout of Bitcoin-aligned alternatives to legacy financial services offerings, suggesting that Mallers and co are building an ecosystem, not just accumulating BTC. 🌍💡

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2025-12-09 18:50