PANews reported on December 10th that, according to Bloomberg, Twenty One Capital Inc. merged with special purpose acquisition company Cantor Equity Partners Inc. on Tuesday to become the latest cryptocurrency company to go public, with its shares falling 20% on their first day of trading. The Bitcoin treasury opened at $10.74 per share on Tuesday, below Cantor SPAC's closing price of $14.27. The stock closed at $11.42, giving the company a market capitalization of approximately $4 billion based on the number of shares outstanding as listed in the filing. Twenty One Capital Inc., a joint venture between Cantor Fitzgerald LP, Tether, and SoftBank, is a Bitcoin company that also plans to focus on building the cryptocurrency's financial infrastructure and create media and educational resources about Bitcoin. Twenty One holds approximately $3.9 billion worth of Bitcoin and will be majority-owned by Tether and Bitfinex, with SoftBank holding a significant minority stake.PANews reported on December 10th that, according to Bloomberg, Twenty One Capital Inc. merged with special purpose acquisition company Cantor Equity Partners Inc. on Tuesday to become the latest cryptocurrency company to go public, with its shares falling 20% on their first day of trading. The Bitcoin treasury opened at $10.74 per share on Tuesday, below Cantor SPAC's closing price of $14.27. The stock closed at $11.42, giving the company a market capitalization of approximately $4 billion based on the number of shares outstanding as listed in the filing. Twenty One Capital Inc., a joint venture between Cantor Fitzgerald LP, Tether, and SoftBank, is a Bitcoin company that also plans to focus on building the cryptocurrency's financial infrastructure and create media and educational resources about Bitcoin. Twenty One holds approximately $3.9 billion worth of Bitcoin and will be majority-owned by Tether and Bitfinex, with SoftBank holding a significant minority stake.
Shares of Bitcoin treasury firm Twenty One fell 20% after its merger with Cantor Equity.
PANews reported on December 10th that, according to Bloomberg, Twenty One Capital Inc. merged with special purpose acquisition company Cantor Equity Partners Inc. on Tuesday to become the latest cryptocurrency company to go public, with its shares falling 20% on their first day of trading. The Bitcoin treasury opened at $10.74 per share on Tuesday, below Cantor SPAC's closing price of $14.27. The stock closed at $11.42, giving the company a market capitalization of approximately $4 billion based on the number of shares outstanding as listed in the filing.
Twenty One Capital Inc., a joint venture between Cantor Fitzgerald LP, Tether, and SoftBank, is a Bitcoin company that also plans to focus on building the cryptocurrency's financial infrastructure and create media and educational resources about Bitcoin. Twenty One holds approximately $3.9 billion worth of Bitcoin and will be majority-owned by Tether and Bitfinex, with SoftBank holding a significant minority stake.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
KindlyMD Secures A Landmark $210 Million USDT Loan From Kraken Operator
The post KindlyMD Secures A Landmark $210 Million USDT Loan From Kraken Operator appeared on BitcoinEthereumNews.com. Massive Move: KindlyMD Secures A Landmark $210 Million USDT Loan From Kraken Operator Skip to content Home Crypto News Massive Move: KindlyMD Secures a Landmark $210 Million USDT Loan from Kraken Operator Source: https://bitcoinworld.co.in/kindly-md-usdt-loan-kraken/
Share
BitcoinEthereumNews2025/12/10 11:25
“I Wasted 8 Years in Crypto”: A Builder’s Exit Note Goes Viral Across Asia
The post “I Wasted 8 Years in Crypto”: A Builder’s Exit Note Goes Viral Across Asia appeared on BitcoinEthereumNews.com. “I am NOT building a new financial system. I built a casino.”This stark admission from Ken Chan, former co-founder of derivatives protocol Aevo, has been reverberating across Asian crypto communities this week. What began as a post on X has now crossed linguistic borders, been introduced to Chinese communities by local news media, and been widely shared among Korean traders, accumulating millions of views along the way. Sponsored Sponsored From Ayn Rand to Disillusionment: A Libertarian’s Journey Through Crypto Chan’s confession is not merely a critique—it is the unraveling of a personal ideology. He describes himself as a “starry-eyed libertarian” who donated to Gary Johnson’s 2016 presidential campaign after being radicalized by Ayn Rand’s novels. The cypherpunk ethos of Bitcoin spoke directly to this worldview. “Being able to walk across the border with a billion dollars in your head is and always will be a powerful idea to me,” he writes. Yet eight years of industry experience eroded that idealism. Chan recounts how the Layer 1 wars—the flood of capital into Aptos, Sui, Sei, ICP, and countless others—produced no meaningful progress toward a new financial system. Instead, it “literally torched everyone’s money” in pursuit of becoming the next Solana. His verdict is unsparing: “We do not need to build the Casino on Mars.” According to his LinkedIn profile, Chan departed Aevo in May this year. His personal website indicates he is now working on KENSAT, a personal satellite project. It is scheduled to launch aboard a Falcon 9 in June 2026. His confession arrives six months after his departure. It comes as AEVO token trades at roughly $45 million in fully diluted market cap—down approximately 99% from its peak. Chan’s central metaphor—that crypto has become “the biggest, online, multi-player 24/7 casino our generation has ever concocted”—cuts through technical complexity with…
Share
BitcoinEthereumNews2025/12/10 11:04
Vivek Ramaswamy's Strive to raise $500M to buy Bitcoin
Strive, co-founded in 2022 by American entrepreneur Vivek Ramaswamy, launched a $500 million preferred stock offering to acquire more Bitcoin and Bitcoin-related products. Publicly traded asset manager and Bitcoin treasury company Strive has announced a $500 million stock sales program to raise funds for additional BTC purchases.The firm, which was co-founded in 2022 by American entrepreneur and politician Vivek Ramaswamy, stated on Tuesday that it intends to use the net proceeds from the sale for “general corporate purposes, including, among other things, the acquisition of Bitcoin and Bitcoin-related products and for working capital.”It also intends to purchase “income-generating assets” to grow the company’s business, but did not specify which. Read more
Share
Coinstats2025/12/10 09:44