Twenty One Completes Business Combination with Cantor Equity Partners, Set to Trade on NYSE in 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
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Source: Newsfilter
- Merger Completion: Twenty One has completed its business combination with Cantor Equity Partners, with its Class A common stock set to trade on the NYSE starting December 9, 2025, marking a significant advancement in the Bitcoin financial services sector.
- Bitcoin Holdings: With over 43,500 Bitcoin, Twenty One becomes the world's third-largest public corporate holder of Bitcoin, which enhances its competitive position in the cryptocurrency market and aligns with its business strategy.
- Transparency Commitment: Twenty One is committed to operating with public-market transparency from day one, including real-time on-chain proof of its Bitcoin holdings, which will enhance investor trust and attract more institutional investors.
- Capital Strategy: The merger includes a $486.5 million senior convertible notes PIPE and approximately $365 million of common equity PIPEs, reflecting strong market confidence in its Bitcoin-related business and is expected to drive long-term growth.
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.
