New York, February 17, 2026, 08:51 EST — Premarket
- Twenty One Capital shares edged higher in premarket trading ahead of the first U.S. session after the holiday.
- Bitcoin slipped below $68,000 as U.S. equity futures pointed to a weaker open, keeping crypto-linked stocks in focus.
- Traders are watching for fresh economic data later this week and any signs of selling pressure tied to registered resales.
Twenty One Capital, Inc.’s shares were up about 1% in premarket trading on Tuesday at around $6.46, after finishing the last session at $6.40. (Public)
The move comes as U.S. stocks set up for a lower open after the Presidents Day holiday, with technology shares under pressure and bitcoin down about 1.4% to just under $68,000. (AP News)
Bitcoin was trading near $68,100 after peaking around $71,000 over the weekend, a pullback that has kept traders leaning on crypto proxies for short-term positioning. (Investopedia)
Twenty One Capital is a bitcoin-focused company that says it actively accumulates bitcoin and manages those holdings, and its shares have been volatile, with a 52-week range of roughly $5.75 to $59.75. (StockAnalysis)
A recent SEC prospectus tied to the company’s 1.00% convertible notes due 2030 registered the resale of up to about $464 million of notes and up to 33.45 million shares underlying those notes, with the company saying it would not receive proceeds from those sales. (SEC)
The SEC also posted an effectiveness notice for Twenty One’s registration statement last week, a step that can broaden the set of securities eligible for resale and add an overhang investors watch in small, newly listed names. (SEC)
Twenty One was launched through a deal with Cantor Equity Partners and has drawn attention for bringing a bitcoin-treasury model into public markets with heavyweight backers. (Reuters)
At launch, the company said it had more than 43,500 bitcoin, putting it alongside bigger holders such as Strategy and MARA Holdings in the thin group of corporates that market themselves as bitcoin balance-sheet plays. (Investors)
That framing matters because the stock can behave less like a typical operating company and more like a high-beta bet on crypto sentiment, especially around big swings in bitcoin and rates.
But it cuts both ways. A deeper dip in bitcoin can hit these equities fast, and any increase in available share supply — whether from resales, conversions, or hedging tied to convertibles — can pressure prices even if the underlying thesis does not change.
In the regular session, traders will be watching volume, any follow-through in bitcoin’s move, and whether broader risk-off trading in U.S. stocks bleeds into crypto-linked names.
The next clear macro catalyst is Friday’s U.S. release of GDP (advance estimate) for the fourth quarter and year 2025, alongside the Personal Income and Outlays report that includes the PCE price index, all due at 8:30 a.m. ET. (Bea)
