Twenty One Rings NYSE Bell, Starts Trading as XXI
- Twenty One rings NYSE bell, Jack Mallers leads.
- Listed under ticker XXI on NYSE.
- Holds over 43,500 BTC treasury.
Twenty One, co-founded by Jack Mallers, commenced trading on the NYSE under ticker XXI, marking a significant event with the New York Stock Exchange Opening Bell ceremony.
The initiation of trading underscores Bitcoin BTC +1.66% ’s integration into mainstream financial markets, influenced by Tether and Bitfinex’s majority ownership and SoftBank’s minority stake.
Twenty One, a Bitcoin-focused company, marked its entry into public trading by ringing the opening bell at the New York Stock Exchange. The event signifies its emergence as a key player in the Bitcoin market.
Led by Jack Mallers, the company is majority-owned by Tether and Bitfinex. This event follows its business combination with Cantor Equity Partners, starting its trade under the ticker XXI.
The listing is expected to bring immediate effects to the Bitcoin community due to Twenty One’s vast holdings of over 43,500 BTC. Their on-chain commitment to transparency is seen as a positive development for shareholders.
Financial implications include a significant institutional backing by Tether, Bitfinex, and SoftBank Group. This aligns the company with other major Bitcoin holders and firms integrating Bitcoin in their financial model.
The trading debut under XXI reflects confidence in Bitcoin-centric business models. The alignment with major financial entities like SoftBank could pave the way for further institutional investments.
Potential outcomes affect Bitcoin’s market validity with transparency being a cornerstone. Historical data suggests that company listings with strong Bitcoin holdings can bolster confidence in Bitcoin-related market offerings.
“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.” — Jack Mallers, Co-Founder and CEO, Twenty One
