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Stock impact report

Tether Proposes Mergers Involving Bitcoin Treasury Company [Yahoo! Finance]

Twenty One Capital, Inc. Class A (XXI) 
Company Research Source: Yahoo! Finance
mining firm, at a time when Twenty One Capital's main business of investing in Bitcoin has fallen out of favor. Most Read from Bloomberg North Korea Confirms Suicide Rule for Soldiers Ukraine Captures UAE Quits OPEC as War Upends Oil Markets and Gulf Tensions Rise Junior Bankers Sick of Grunt Work Build $2 Billion AI Tool to Do the Job 80 Seconds of Big Tech Earnings Will Decide Stock Market's Fate Trump Being ‘Humiliated' in Iran Talks, German Leader Says Twenty One launched in December via a special purpose acquisition company, backed by the stablecoin giant Tether, the Japanese investment firm SoftBank Group Corp. and the investment bank Cantor Fitzgerald LP. It held more than 40,000 Bitcoin — the third-largest corporate holding at the time. When the operation was first announced, publicly traded cryptocurrency treasury companies were popular, following the successful playbook of Michael Saylor's Strategy. After the price of Bitcoin went into decline, though, the sh Show less Read more
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