NEW YORK — Shares of Twenty One Capital, the Tether-backed bitcoin treasury company listed on the New York Stock Exchange as XXI, rose 4.89%, or 32 cents, to $6.97 as of 10:03 a.m. Eastern time on Monday, even as the broader market slipped, and the company's chief executive was scheduled to speak at a bitcoin treasuries conference in Manhattan later in the day.

None of the coverage reviewed identified a company-specific announcement behind Monday's move. What is clear is that the stock has recovered sharply from its summer lows. XXI closed at $4.58 on August 10, according to the company's filings as cited by Bitget News, meaning Monday's price is about 52% higher. Over the same period, bitcoin has rebounded: BeInCrypto reported the cryptocurrency trading near $63,555 on August 11, and Yahoo Finance quotes showed it around $84,800 over the weekend. Shares remain far below their 52-week high of $12.51.

Twenty One Capital, based in Austin, Texas, went public in December 2025 through a merger with Cantor Equity Partners, a blank-check company sponsored by an affiliate of Cantor Fitzgerald. It holds 43,514 bitcoin, which ranks second among public companies behind Strategy, according to BitcoinTreasuries.net. At about $84,800 per coin, that stack would be worth roughly $3.7 billion, a calculation that uses June 30 holdings and a weekend price rather than a company figure.

The company has........

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