Twenty One Capital, a cryptocurrency treasury firm backed by Tether and Bitfinex, went public via Cantor Fitzgerald SPAC amid a Bitcoin drawdown. With over 43,500 BTC, the company faces scrutiny to prove it offers more than just a Bitcoin treasury, with plans for future credit and lending products but lacking a clear roadmap. Investors are closely monitoring its performance as it aims to differentiate itself in the digital asset treasury sector.

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