Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee and brace for Wall Street’s latest twist: a Bitcoin-native company is about to hit the NYSE. Shareholders have approved a major merger, putting billions in Bitcoin under one roof and signaling a shift in how crypto meets traditional markets.
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Crypto News of the Day: Twenty One Capital Gains NYSE Approval
Cantor Equity Partners (CEP) shareholders voted to approve the merger with Twenty One Capital, clearing the final major hurdle for the business combination.
The deal, subject to standard closing conditions, is expected to finalize on December 8, 2025. Following the completion, the merged entity will operate under the Twenty One Capital name and begin trading the next day (December 9).
Strike CEO Jack Mallers will lead the company, which Tether and Bitfinex hold as majority owners. The firm markets itself as the first Bitcoin-native company preparing for a public listing, offering investors a regulated pathway to gain exposure to the cryptocurrency.
Public Equity Exposure to Bitcoin Amid Crypto and Banking Frictions
Twenty One Capital currently holds 43,514 BTC, valued at approximately $4 billion, making it the third-largest Bitcoin holder among publicly traded companies, after Strategy and MARA Holdings.
Top 22 Public BTC Treasury Companies. Source: Bitcoin TreasuriesThe firm emphasizes “capital-efficient Bitcoin accumulation” and plans to introduce a “Bitcoin Per Share” metric. This metric would enable shareholders to track Bitcoin holdings in real time with auditable on-chain proof-of-reserves.
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The NYSE debut also positions Twenty One Capital as a bridge between crypto-native operations and traditional equity markets, potentially reshaping investor access to digital assets.
The announcement comes amid wider discussions about the banking sector’s relationship with crypto firms. In late November, Jack Mallers revealed that JPMorgan Chase abruptly closed his personal accounts without explanation, fueling fears of “debanking” in the crypto industry.
Tether CEO Paolo Ardoino described the move as an opportunity for crypto executives to operate independently of centralized financial institutions.
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These tensions coincide with broader market scrutiny. JPMorgan is currently monitoring potential MSCI reclassification rules that could impact companies with significant Bitcoin holdings, such as MicroStrategy.
Analysts estimate that index changes could trigger billions in passive fund outflows, potentially as high as $9 billion for MicroStrategy.
As Twenty One Capital prepares to trade under the “XXI” ticker on December 9, market participants will watch for trading volumes, investor appetite, and the reception of the Bitcoin-per-share metric.
The listing could set a precedent for other crypto-native firms seeking regulated market exposure, potentially broadening institutional and retail participation in the Bitcoin economy.
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Chart of the Day
Twenty One Capital (XXI) BTC Holdings. Source: Bitcoin TreasuriesByte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
Crypto Equities Pre-Market Overview
| Strategy (MSTR) | $188.39 | $187.82 (-0.30%) |
| Coinbase (COIN) | $276.92 | $275.85 (-0.39%) |
| Galaxy Digital Holdings (GLXY) | $27.05 | $26.93 (-0.44%) |
| MARA Holdings (MARA) | $12.47 | $12.45 (-0.16%) |
| Riot Platforms (RIOT) | $15.64 | $15.57 (-0.45%) |
| Core Scientific (CORZ) | $16.55 | $16.50 (-0.30%) |
Source: https://beincrypto.com/twenty-one-capital-nyse-bitcoin-us-crypto-news/
