Twenty One Capital, the Bitcoin-focused financial company co-founded by Jack Mallers, has officially begun trading on the New York Stock Exchange (NYSE) under the ticker XXI, marking one of the most significant Bitcoin-native listings in recent years. The debut follows the completion of its business combination with Cantor Equity Partners and has positioned the firm as a major institutional entrant in the digital asset ecosystem.

The company enters the public markets with 43,514 Bitcoin, valued at approximately $3.9 billion, making it the third-largest publicly traded corporate holder of Bitcoin, behind Michael Saylor’s Strategy and MARA Holdings.

A Company Built on Bitcoin Principles

“Bitcoin is honest money. That’s why people choose it, and that’s why we built Twenty One on top of it,” Mallers said ahead of the launch.
He added that listing on the NYSE is a step toward giving Bitcoin the visibility and legitimacy it deserves across global financial markets, while offering investors exposure to both the asset and a business structured around it.

Along with Bitcoin holdings, Twenty One Capital plans to develop a Bitcoin-centric corporate architecture, including native lending products, capital-market instruments, and other financial services designed directly on Bitcoin rails. The company aims to offer institutions a new suite of tools that merge traditional financial models with Bitcoin-based infrastructure.

Institutional Backing Signals Growing Confidence

The firm launched in April with heavyweight backing from Cantor Fitzgerald, Tether, Bitfinex, and SoftBank, reflecting strong institutional confidence in its long-term strategy.
Cantor, one of the Federal Reserve’s Primary Dealers, and SoftBank, which manages over $330 billion in assets, add significant credibility to XXI’s mission. Tether, the world’s largest stablecoin issuer, is also among its key early supporters.

Mitchell Askew, Head of Blockware Intelligence, noted the significance of XXI’s roster of backers, calling the company “a major player not only in Bitcoin but in the broader arc of financial history.”

Preparing for Public Markets

Ahead of the listing, Twenty One Capital shifted its entire Bitcoin reserves to a newly created wallet, according to Arkham Intelligence. The move is believed to be part of operational reorganization for its market debut.

Beyond Bitcoin Accumulation

Although its substantial Bitcoin treasury is central to its identity, Twenty One Capital emphasizes that it is not merely a Bitcoin-holding company. Its roadmap includes building multiple operating businesses aligned with Bitcoin principles and focused on recurring revenue.

The firm plans to roll out:

• Educational content and branded media to promote Bitcoin literacy
• Bitcoin-aligned alternatives to legacy financial products
• Technology infrastructure to support institutional Bitcoin adoption

Mallers and his team aim to develop an ecosystem that expands Bitcoin’s use cases, strengthens its presence in global markets, and positions Twenty One Capital as a long-term leader in the Bitcoin-native corporate landscape.

With its NYSE debut, strong balance sheet, and influential backers, Twenty One Capital is positioning itself to reshape how institutions engage with Bitcoin in the years ahead.