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Jack Mallers, CEO of Twenty One Capital, joins "Bloomberg Crypto" to discuss the company's merger with special-purpose acquisition Cantor Equity Partners to become a public crypto company. Twenty One was launched by an affiliate of Cantor Fitzgerald LP, stablecoin issuer Tether Holdings SA and SoftBank Group as a Bitcoin company.

The world's third largest corporate holder of Bitcoin goes public through a blank-check merger.

Twenty One Capital began trading on the New York Stock Exchange under the ticker XXI and fell 25% early in its first day, trading at about $10.50. The New York listing follows the completion of the company's merger with Cantor Equity Partners.

Jack Mallers, founder and CEO at Twenty One Capital, joins CNBC's 'Money Movers' to discuss the company's NYSE debut, outlook for crypto, and more.

Bitcoin (CRYPTO: BTC) is about to get a Wall Street coming out party unlike anything the industry has seen before. On December 9, Twenty One Capital will debut on the New York Stock Exchange under ticker symbol XXI, marking the first Bitcoin native company to trade on the prestigious exchange and positioning itself as the largest Bitcoin treasury firm on the NYSE.