According to CNBC, Twenty One CEO Jack Mallers said the BTC treasury company intends to acquire as much Bitcoin as possible, signaling an ongoing accumulation strategy by the firm (CNBC). According to CNBC, Mallers added that the company already holds roughly 4 billion US dollars worth of BTC, positioning it among large institutional buyers in spot markets (CNBC). According to CNBC, the interview indicates further BTC purchases are planned, representing additional buy-side demand that is directly tied to the firm’s stated strategy (CNBC).

According to @Tether_to, Twenty One made its NYSE debut today under ticker XXI. Source: Tether (@Tether_to) on X, Dec 9, 2025. @Tether_to also stated it backs the team and emphasized their focus on Bitcoin adoption and financial sovereignty. Source: Tether (@Tether_to) on X, Dec 9, 2025. The announcement explicitly ties the listing to the Bitcoin BTC adoption narrative. Source: Tether (@Tether_to) on X, Dec 9, 2025.

According to @rovercrc, Jack Mallers' company Twenty One is set to buy $680 million worth of Bitcoin (BTC), a move expected to create significant buying pressure in the crypto market and potentially impact BTC price volatility. Such a large-scale acquisition may influence market sentiment, liquidity, and short-term trading strategies for both institutional and retail investors (source: @rovercrc).

According to André Dragosch (@Andre_Dragosch), the Cantor Equity Partners SPAC for Twenty One has surged nearly 200%, pushing its implied market capitalization to $12 billion. With approximately $4 billion in bitcoin holdings, this move means Twenty One is trading at a 3x NAV premium. For traders, this significant premium over net asset value signals heightened market optimism and potential volatility, particularly for those seeking exposure to bitcoin-related equities. Source: André Dragosch on Twitter.

According to @LightCrypto on Twitter, MicroStrategy (MSTR) may not be able to avoid generating yield on their Bitcoin holdings indefinitely, as competition from new entrants such as Twenty One is expected to compress the net asset value (NAV) premium for all similar companies. The analysis highlights that firms utilizing covered call strategies or comparable yield-generation approaches could potentially maintain or enhance their NAV premiums compared to passive holders like MSTR. This dynamic suggests that trading the NAV premium of MSTR and similar Bitcoin-exposed equities may become increasingly relevant as more competitors enter the space and deploy active yield strategies (source: @LightCrypto on Twitter).