Particle.news

Download on the App Store

Twenty One Capital Reaches 43,500 BTC Ahead of SPAC Listing as XXI

The firm awaiting its SPAC merger approval plans a Nasdaq debut as XXI featuring a Bitcoin Per Share metric with live on-chain reserve verification.

Tether backed Twenty One adds 5,800 BTC ahead of planned listing
Image
Tether-backed Twenty One to add 5,800 more Bitcoin ahead of its public listing
Twenty one boosting bitcoin holdings; ceo jack mallers sees $150k btc incoming

Overview

  • Twenty One Capital agreed to receive 5,800 BTC from Tether at the closing of its merger with Cantor Equity Partners.
  • The inflow brings its total holdings to over 43,500 BTC, positioning it as the third-largest corporate Bitcoin treasury behind Strategy and Mara Holdings.
  • The SPAC structure leaves Tether and Bitfinex as majority owners, SoftBank Group as a significant minority investor and remaining equity with PIPE investors, public CEP shareholders and Cantor Fitzgerald.
  • Closing of the business combination is pending customary shareholder and SEC approvals before shares can begin trading under the ticker XXI.
  • Investors will track performance through the new Bitcoin Per Share metric and access transparent custody via real-time on-chain proof of reserves.