Overview
- CEP shareholders approved the business combination on Dec. 4, advancing Twenty One Capital’s plan to go public.
- The transaction is expected to close around Dec. 8, contingent on remaining closing conditions and related SEC filings, including the associated PIPE financing.
- The merged company will retain the Twenty One Capital name and begin trading on the NYSE on Dec. 9 under the ticker XXI, with Jack Mallers as CEO.
- Twenty One projects holdings of about 43,500 BTC, roughly $4 billion, positioning it among the largest corporate bitcoin treasuries after a contribution from Tether.
- Tether and Bitfinex are majority owners of the firm, and Twenty One has outlined plans for a bitcoin-per-share metric and on-chain proof-of-reserves to let investors audit holdings in real time.