Twenty One Capital

Twenty One Capital (branding: “Twenty One”, ticker: XXI)

Twenty One Capital, Inc. (often styled simply as “Twenty One”) is a Bitcoin-focused public company associated with the website:

text https://xxi.money/

It presents itself as an “institutional standard for Bitcoin” and describes an internal framework it calls the “XXI Standard”, oriented around Bitcoin’s fixed supply and the idea of building financial infrastructure and corporate strategy “on a Bitcoin standard.” (xxi.money)

Corporate formation and ownership

Twenty One Capital was announced on April 23, 2025, as a newly formed entity that entered a business combination with Cantor Equity Partners, Inc. (CEP), a SPAC sponsored by an affiliate of Cantor Fitzgerald. (xxi.money)

The company has been described as:

• majority-owned by Tether (and Bitfinex), with SoftBank Group as a significant minority investor. (xxi.money)
• led by Jack Mallers (co-founder) as Chief Executive Officer (CEO). (xxi.money)

Public listing status

According to company-announcement reporting, the business combination was completed in December 2025, and Twenty One’s Class A common stock began trading on the New York Stock Exchange (NYSE) on December 9, 2025, under the ticker “XXI.” (businesswire.com)

Stated strategy and focus (as described by the company)

Across its “About” and launch materials, the firm frames itself as a Bitcoin-native operating company with objectives that include:

• Corporate treasury held in Bitcoin, positioning Bitcoin as the company’s primary treasury asset. (xxi.money)
• Bitcoin-denominated performance metrics, including “Bitcoin Per Share (BPS)” and “Bitcoin Return Rate (BRR).” (xxi.money)
• Content/media and education intended to promote Bitcoin literacy and adoption. (xxi.money)
• Exploration of Bitcoin-native financial products (e.g., lending models and capital-market instruments) described as future initiatives. (xxi.money)

Bitcoin holdings (reported at/around launch)

At announcement (April 2025), Twenty One stated it expected to launch with over 42,000 BTC. (xxi.money)
Later reporting connected to the completed transaction (December 2025) stated holdings of over 43,500 BTC. (businesswire.com)