Jack Mallers’ Twenty One Capital has officially launched for public trading on the New York Stock Exchange under the ticker XXI, marking a significant milestone for institutionally-backed, bitcoin-native firms in the US market.
The move follows the company’s business combination with Cantor Equity Partners and positions it as a major player in the digital asset sector.
Ambition to lead bitcoin holdings
Twenty One Capital currently holds 43,514 bitcoin, valued at approximately $3.9 billion, making it the world’s third-largest public corporate bitcoin holder after Strategy (MicroStrategy) and MARA Holdings.
Jack Mallers, co-founder, commented on the launch:
“Bitcoin is honest money. That’s why people choose it, and that’s why we built Twenty One on top of it. Listing on the NYSE is about giving Bitcoin the place it deserves in global markets and giving investors the best of Bitcoin: its strength as a reserve and the upside of a business built on it.”
Institutional backing and strategic vision
The company was launched in April with backing from Cantor Fitzgerald, Tether, Bitfinex, and venture capital giant SoftBank.
Cantor is a Federal Reserve Primary Dealer, Tether is the leading stablecoin issuer, and SoftBank manages $330 billion in assets.
This institutional support underscores growing mainstream endorsement of bitcoin as a reserve asset.
Mitchell Askew, head of Blockware Intelligence, remarked:
“Twenty One will be a major player not only in Bitcoin, but in the grand arc of financial history. NOBODY is bullish enough.”
Ecosystem beyond holding bitcoin
Beyond accumulating bitcoin, Twenty One Capital aims to build a “corporate architecture” for financial products and services rooted in bitcoin.
Initiatives include developing native lending models, capital market instruments, educational content, and branded media to promote bitcoin literacy.
The company also plans to offer alternatives to legacy financial services, indicating a broader strategic vision than simply holding bitcoin on its balance sheet.
