Twenty One Capital announced that it will list on the New York Stock Exchange starting December 9th. The company, led by Jack Mullers, joins a long list of Bitcoin companies to go public, boosted by President Trump’s favorable regulatory environment.
Twenty One Capital is taking direct custody of its Bitcoin holdings this week and preparing to list them on the New York Stock Exchange under the ticker symbol XXI. The Bitcoin-focused company announced it will transfer more than 43,500 Bitcoins from escrow as part of the completion of its merger with Cantar Equity Partners.
Why is Twenty One Capital moving Bitcoin?
The merger between Twenty One Capital and Cantor Equity Partners required 43,500 Bitcoins to be held in an escrow wallet during the approval process. Tokens were sourced from multiple sources throughout 2025. Tether, Bitfinex and SoftBank provided initial holdings, with additional purchases made through private investment financing.
CEP shareholders approved the merger on December 4th, and the transaction is expected to close by December 8th.
Twenty One Capital CEO Jack Mallers publicly announced the move on X, ahead of concerns and speculation about a large-scale on-chain move. In the cryptocurrency market, large transfers often cause fear, uncertainty, and doubt (FUD) among traders worried about potential declines.
The company will introduce a Bitcoin per share index with real-time on-chain margin, allowing investors to transparently track their holdings.
Twenty One Capital’s entry into the stock market
Twenty One Capital raised a significant amount of capital before going public. Cantar Equity Partners raised $585 million through private equity financing, and Twenty One Capital sold $100 million in convertible notes.
If the listing on December 9th is successful, Twenty One Capital will become the first Bitcoin-native company to trade on the New York Stock Exchange, joining several Bitcoin ETFs already listed on the exchange, including products from BlackRock and Fidelity.
Bitcoin prices are currently volatile since the digital asset surpassed $100,000 earlier this year. The coin is currently trading around $95,000 after falling below $90,000 in recent weeks.
Nevertheless, as regulatory conditions improve under the Trump administration, more Bitcoin and crypto companies are filing to go public.
Kraken, one of the world’s largest cryptocurrency exchanges, remains top secret filed for IPO Discussion with SEC on November 19th.
The day before the filing, Cryptopolitan reported that Kraken announced $800 million in funding at a $20 billion valuation. The exchange reported revenue of $1.5 billion in 2024, which the company surpassed in the first nine months of 2025 alone. Industry analysts expect Kraken to attempt a public launch in the first quarter of 2026.
Bitcoin Infrastructure Acquisition Corporation listed on the Nasdaq on Dec. 2 after pricing its special purpose acquisition company (SPAC) IPO at $10 per unit to raise $200 million. BTC Development Corp, another Bitcoin-focused SPAC, raised $220 million and opened on the Nasdaq on September 30th.
