Twenty One Capital (XXI), a Tether-backed Bitcoin company led by Strike’s Jack Mallers, closed its first day of trading on Nasdaq at $11.42 per share, down about 20% from the SPAC merger closing price of $14.27, despite a 3% rise in Bitcoin’s price. The company holds 43,514 Bitcoins (worth over $4.05 billion), ranking third among public companies in Bitcoin holdings. Mallers emphasized that the company’s strategy differs from pure Bitcoin asset management firms like MicroStrategy, aiming to build a Bitcoin-native brokerage and lending business to achieve profitability while continuously accumulating Bitcoin.

BTC-2,96%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin