Twenty One Capital Completes Business Combination with CEP, Set to Trade on NYSE in December 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
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Source: Businesswire
- Business Combination Completed: Twenty One Capital has successfully completed its business combination with Cantor Equity Partners, with its Class A common stock set to begin trading on the NYSE on December 9, 2025, marking its official entry into the Bitcoin market.
- Bitcoin Holdings: With over 43,500 Bitcoins, Twenty One becomes the world's third-largest public corporate holder of Bitcoin, a position that will enhance its market influence in the cryptocurrency sector.
- Commitment to Transparency: The company pledges to operate with public-market transparency from day one, including real-time verification of its Bitcoin holdings, aimed at boosting investor confidence and attracting more institutional investors.
- Capital Strategy: The business combination includes a $486.5 million senior convertible notes PIPE and approximately $365 million in common equity PIPEs, reflecting strong market confidence in its Bitcoin-related business and expected to drive future growth and innovation for the company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
