Twenty One Capital Drops in NYSE Debut as Bitcoin Treasury Firms Face ‘Broader Re-Pricing’ – Decrypt
In brief Twenty One Capital began trading on the NYSE as XXI, bolstered by a big Bitcoin stash after merging with Cantor Equity Partners. Shares hovered near $11 on debut day, falling short of the SPAC’s prior close near $14. Observers told Decrypt that treasury-heavy firms face shrinking premiums as markets favor clearer business models....
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