‘Grow up... We debank Democrats, we debank Republicans:’ JPMorgan CEO

Jack Mallers, CEO of Twenty One Capital, has announced an aggressive strategy to acquire Bitcoin, aligning with a growing trend among firms to adopt BTC treasury strategies. This initiative comes as the company prepares for its public debut on the New York Stock Exchange (NYSE) following a successful merger with Cantor Equity Partners.

Jack Mallers’ Twenty One Capital has officially launched on the New York Stock Exchange (NYSE), pledging to acquire as much Bitcoin as possible. This move comes as the company aims to establish itself in the cryptocurrency market, backed by a substantial Bitcoin treasury valued at approximately $4 billion.

Bitcoin treasury company Twenty One debuted on the New York Stock Exchange (NYSE) today, experiencing a 25% drop in its stock price, trading near PIPE pricing of $10. The company, led by Strike CEO Jack Mallers, began trading under the ticker XXI following its merger with Cantor Equity Partners.

Anchor Mining has gained attention as users reportedly earned up to $3,977 daily from stable hashrate output, coinciding with expectations of a Bitcoin (BTC) rebound despite its recent decline. Major institutions, including JPMorgan, continue to predict a swift recovery for BTC once market pressures ease.

BMW has partnered with JPMorgan to implement its first on-chain programmable foreign exchange payment, marking a significant step in the integration of blockchain technology in traditional finance. This initiative aims to streamline cross-border transactions and enhance efficiency in payment processing.

Twenty One Capital, a significant player in the Bitcoin treasury sector, has transferred 43,500 BTC, valued at approximately $4.5 billion, into an escrow wallet ahead of its public debut on December 9. This move has raised concerns about a potential sell-off that could exert downward pressure on Bitcoin's price, which is currently trying to maintain support above $90,000.

Bitcoin's price surged past $92,000, marking a significant moment as analysts from Bernstein and JPMorgan express a bullish outlook for the cryptocurrency, suggesting a potential break from its four-year cycle. This surge follows a period of volatility, indicating renewed investor confidence in Bitcoin's market trajectory.