Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁
Jack Mallers’ XXI Launches on NYSE Backed by Tether and SoftBank
Last Updated: December 10, 2025
✓ Fact Checked
Key Takeaways
- Twenty One Capital debuted on the NYSE as XXI after merging with Cantor Equity Partners, which opened below its previous share price;
- Backed by Tether, Bitfinex, and SoftBank, the firm holds 43,500 Bitcoin, which ranks third among public Bitcoin holders;
- CEO Jack Mallers plans to expand beyond asset holding into Bitcoin-focused ventures like brokerage, exchange, and lending.
Twenty One Capital made its debut on the NYSE using the ticker XXI on December 9 after merging with Cantor Equity Partners.
The SPAC's shares opened at $10.74, below their previous closing price of $14.27. By the next day's close, the stock had dropped to $11.42. This activity resulted in a market capitalization of around $4 billion, based on outstanding shares.
Tether
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What is Basic Attention Token (BAT)? Brave Browser EASILY Explained
The chief executive is Jack Mallers, who is also the founder and CEO of the Bitcoin
Currently, the company holds over 43,500 Bitcoin, valued at over $4 billion, which ranks it as the third-largest public company holding Bitcoin, behind MARA Holdings.
Even with these holdings, the firm has not set out a defined business strategy or schedule for launching new services. In a CNBC interview, Mallers said the company operates with a different approach and should not be seen as merely holding assets.
The management plans to build Bitcoin-focused businesses that include brokerage, exchange operations, credit, and lending. Mallers indicated that further information may be shared in the near future.
GoTyme, a digital bank in the Philippines, has begun offering crypto services through its mobile app. How does it work? Read the full story.
Loading...
The Most Liked Crypto News Findings
Looking for more latest crypto news on related topic? We have gathered similar news articles for you to spare your time. Take a look!
![How to Transfer Money Without Fees? [Animated Tips 2025]](https://assets.bitdegree.org/youtube/crypto-finally-explained/how-to-transfer-money-without-fees-animated-tips-2025.jpg?tr=w-400 "How to Transfer Money Without Fees? [Animated Tips 2025]")
![How to Transfer Money Without Fees? [Animated Tips 2025]](https://assets.bitdegree.org/crypto/assets/video-button.png?tr=w-60 "How to Transfer Money Without Fees? [Animated Tips 2025]")
