Shares in Twenty One Capital (XXI), the newest crypto treasury company in the US, slid 20% on its trading debut after merging with the blank-check company Cantor Equity Partners.
Twenty One Capital opened trading on Tuesday at $10.74, below the closing price of $14.27 on Monday for Cantor’s special purpose acquisition company that it merged with.
The new Bitcoin (BTC)-focused company’s stock closed trading on Wednesday at $11.42, down 19.97% over 24 hours.
However, it later saw a slight…
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