Cantor Equity Soars 26.06% on Twenty One Capital Listing Plans

On April 24, 2025, cantor equity surged by 26.06% in pre-market trading, marking a significant rise in its stock price.

Twenty One Capital, a new Bitcoin treasury company led by Strike founder Jack Mallers, has announced ambitious plans to challenge Michael Saylor’s Strategy as the leading Bitcoin treasury firm. The company has received substantial investment support from industry heavyweights, including Tether, SoftBank, and Cantor Fitzgerald. Twenty One Capital aims to become the "superior vehicle for investors seeking capital-efficient Bitcoin exposure."

Ask Aime: Why did Cantor Equity surge by 26.06% in pre-market trading and how will Twenty One Capital's ambitious plans impact the Bitcoin market?

The firm plans to launch with 42,000 Bitcoin, with significant contributions from Tether, SoftBank, and Bitfinex. This launch will position Twenty One Capital as the third-largest corporate Bitcoin holder, trailing only Strategy and Bitcoin mining firm mara holdings. The company is seeking a public listing via a blank-check merger with Cantor Equity Partners and will trade under the ticker XXI on the Nasdaq once it finalizes an agreement with investors to raise $585 million through convertible bonds and equity financing.

Twenty One Capital's business model is designed to be a more "pure play" for investors seeking Bitcoin exposure, with Bitcoin-native operations and flexibility for strategic capital raises. The firm also intends to build out several Bitcoin-focused offerings, including Bitcoin debt and equity products, an advisory service, a lending platform, and an educational platform. Additionally, Twenty One Capital will partner with industry players to host Bitcoin conferences, aiming to accelerate Bitcoin adoption and literacy at both institutional and retail levels.