Why Twenty One’s First-Day Slide Shows Waning Appetite for BTC Firms

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Key takeaways

  • Twenty One Capital’s NYSE debut saw a nearly 20% drop, signaling cautious investor sentiment toward Bitcoin-heavy public listings.

  • XXI traded close to its net asset value, suggesting the market did not assign a meaningful premium beyond the value of the firm’s Bitcoin holdings.

  • The decline reflected broader market pressures, including Bitcoin volatility, fading enthusiasm for SPAC-backed listings and weakening mNAV premiums.

  • The muted reaction suggests investors may now expect Bitcoin-focused firms to show clear, durable revenue models…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Why Twenty One’s First-Day Slide Shows Waning Appetite for BTC Firms


Key takeaways

  • Twenty One Capital’s NYSE debut saw a nearly 20% drop, signaling cautious investor sentiment toward Bitcoin-heavy public listings.

  • XXI traded close to its net asset value, suggesting the market did not assign a meaningful premium beyond the value of the firm’s Bitcoin holdings.

  • The decline reflected broader market pressures, including Bitcoin volatility, fading enthusiasm for SPAC-backed listings and weakening mNAV premiums.

  • The muted reaction suggests investors may now expect Bitcoin-focused firms to show clear, durable revenue models…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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