According to Jinse Finance, Jack Mallers, CEO of Twenty One Capital and founder of Bitcoin financial company Strike, posted on X to remind the community of an upcoming large-scale Bitcoin transfer. He stated that Twenty One Capital is expected to be listed on the New York Stock Exchange under the ticker XXI on Tuesday, December 9. As part of the transaction completion process, Twenty One Capital will transfer 43,500 Bitcoins previously held in third-party custody to a self-custody account, and will also update the proof of reserves accordingly.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
1 Likes
Reward
1
1
Repost
Share
Comment
0/400
WaitPatientlyForTheR
· 12-07 07:13
Jinse Finance reported that crypto analyst "TXMC" posted on the X platform, pointing out that although Bitcoin prices have recently declined, the liveliness of the current cycle continues to rise. This indicates that there is underlying demand for spot Bitcoin, which is not reflected in the price trend and may suggest that the bull market cycle is not yet over. The analyst stated that this indicator reflects the long-term moving average of on-chain Bitcoin activity and is the sum of all lifecycle spending and on-chain holding activity. During bull markets, as supply changes hands at higher prices, market "liveliness" typically increases, indicating that new investment capital is flowing in.
According to Jinse Finance, Jack Mallers, CEO of Twenty One Capital and founder of Bitcoin financial company Strike, posted on X to remind the community of an upcoming large-scale Bitcoin transfer. He stated that Twenty One Capital is expected to be listed on the New York Stock Exchange under the ticker XXI on Tuesday, December 9. As part of the transaction completion process, Twenty One Capital will transfer 43,500 Bitcoins previously held in third-party custody to a self-custody account, and will also update the proof of reserves accordingly.