Twenty One Capital’s Bitcoin Treasury NYSE Debut Signals Investor Shift to Revenue-Focused Models

Dec 10 2025 bitcoin


Twenty One Capital's XXI stock debuted on the NYSE below expectations, trading around $11 compared to a $14 pre-merger close, amid investor caution toward Bitcoin treasury firms. Holding over 43,000 BTC valued at nearly $4 billion, it ranks among top public holders but faces challenges in proving operational revenue. Underperformance in debut: XXI shares fell [...]

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