Twenty One Capital Transfers 43k BTC Before NYSE Listing

Twenty One Capital transferred 43,122 BTC, valued at formatNumber(3.94, 2) billion, in preparation for its NYSE listing on December 9, backed by Cantor Fitzgerald.

This strategic movement secures transparency for investors and positions Twenty One Capital as a significant player in the Bitcoin investment space, with implications for public-market Bitcoin exposure.

Twenty One Capital Executes Historic $3.94 Billion BTC Transfer

Twenty One Capital, backed by Cantor Fitzgerald, has recently transferred 43,122 BTC to establish its self-custody wallet. This action is part of the business combination with Cantor Equity Partners. The firm will soon operate under the Twenty One Capital name on the NYSE.

The transfer of BTC to a self-custody wallet is critical in restructuring the company’s treasury and providing transparency. They aim to display Bitcoin-reservations on their balance sheet. Jack Mallers emphasizes on the value of a Bitcoin-native approach to market changes.

Market participants expressed heightened interest, primarily due to the size of the transaction. Jack Mallers emphasized on social platform X (formerly Twitter) that the transfer represents structural changes, dismissing speculation of significant sell pressure.

Experts Discuss Impact as Bitcoin Prices Near $91,277

Did you know? This transfer, a notable movement of $3.94 billion in BTC, is one of the largest self-custody transfers, reflecting transparency similar to past treasury reorganizations like MicroStrategy’s BTC holdings.

Bitcoin currently trades at $91,277.34, with a market cap of formatNumber(1821815268017, 2), holding market dominance at 58.75%. Recent price changes show fluctuations of up to -25.20% over 60 days, according to CoinMarketCap.

Experts from the Coincu research team indicate the movement towards self-custody and on-chain proof will likely enhance trust in Bitcoin as an institutional asset. They also foresee potential regulatory adjustments prompted by such high-scale corporate actions.