Overview
- Trading is slated to begin on December 9 on the NYSE under the ticker XXI following an expected December 8 close, subject to remaining closing conditions and regulatory filings.
- The merged company will keep the Twenty One Capital name with Strike CEO Jack Mallers at the helm.
- The firm plans to launch with about 43,514 BTC, roughly $4 billion at current prices, positioning it among the largest corporate bitcoin treasuries.
- Backers include Tether and Bitfinex as majority owners, with Twenty One adding 5,800 BTC in July from Tether to build its holdings.
- Pre-merger financing includes CEP’s approximately $585 million PIPE and Twenty One’s $100 million in convertible notes, while CEP shares jumped about 22% after the approval news.