Twenty One Capital CEO Jack Mallers plans aggressive Bitcoin acquisition

Twenty One Capital opened lower on its debut on the New York Stock Exchange (NYSE) as investors assessed its Bitcoin treasury model, which includes a significant holding of 43,500 BTC valued at approximately $4.5 billion. This debut follows a merger with Cantor Equity Partners and comes amidst concerns about potential sell-offs in the cryptocurrency market.

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.

Twenty One Capital, founded by Jack Mallers, has officially debuted on the New York Stock Exchange (NYSE) with a significant Bitcoin treasury, marking a notable milestone in the cryptocurrency sector. The firm has launched with strong institutional support and a treasury valued at approximately $4 billion, positioning itself as a key player in the market.

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.

JPMorgan CEO's recent comments highlighted the bank's practice of debanking individuals across the political spectrum, including Democrats and Republicans. This statement follows the closure of accounts belonging to Jack Mallers, CEO of Strike, who accused JPMorgan of terminating his accounts without explanation, raising concerns about the bank's treatment of cryptocurrency-related clients.