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Bitcoin company Twenty One Capital, backed by Tether and SoftBank, saw its share price fall 24% on its first day of trading.
According to ME News, on December 9 (UTC+8), Twenty One Capital, a Bitcoin asset reserve company backed by stablecoin giant Tether and SoftBank Group, saw its stock price plummet on its first day of trading. The company’s stock ticker is XXI, and it fell 24% on Tuesday morning. Twenty One Capital went public on the New York Stock Exchange through a merger with special purpose acquisition company Cantor Equity Partners. Twenty One holds 43,514 Bitcoins, worth about $4 billion at current prices. According to bitcointreasuries.net, the company is the third largest corporate holder of Bitcoin, after Michael Saylor’s Strategy and Bitcoin mining firm MARA Holdings. (Source: ME)