BITCOIN TREASURY STOCK DEBUTS ON NYSE... AND TANKS 20% 📉📊
A new company, Twenty One Capital (Ticker: XXI), just landed on the New York Stock Exchange. Their main asset? Bitcoin. They're now one of the world's largest corporate BTC holders. But investors weren't impressed at the open—the stock immediately plunged nearly 20%.
This is a real-time test of the "Bitcoin treasury" investment model in public markets. The weak debut shows that simply holding BTC doesn't automatically win over traditional investors; they're scrutinizing the business model itself.
💡 Key Insight: This isn't just about Bitcoin's price. It's about whether Wall Street values a company that acts like a Bitcoin ETF. A successful turn for XXI could pave the way for more crypto-native firms to go public. Watch this ticker.
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