Crypto firm Twenty One stock plunges 24% post Cantor Equity merger —why the share price is falling
Shares of crypto treasury firm Twenty One Capital tumbled 24% in their trading debut on Tuesday, after the company completed its merger with the special-purpose acquisition company Cantor Equity Partners Inc.
The sharp drop comes at a time when crypto-related stocks are already facing mounting pressure. With this merger, the combined company became the latest publicly listed crypto company and is now trading under the ticker “XXI” on New York Stock Exchange (NYSE).
