Jack Mallers' firm installs Satoshi Nakamoto statue in NYSE

By TheStreet Roundtable
10 days ago
SATS SATOSHI X X GMIX

The New York Stock Exchange (NYSE) has become the sixth host of artist Valentina Picozzi’s “disappearing” Satoshi Nakamoto statue, a moment that reflects how far the conversation around Bitcoin (BTC) has come since its taboo days on Wall Street.

Long considered a fortress of traditional finance, the NYSE described the artwork as “shared ground between emerging systems and established institutions” in an X post on Dec. 10. 

The statue’s installation was organized by Bitcoin firm Twenty One Capital, which officially began trading on the exchange this week.

Picozzi, who shared her reaction under her X handle Satoshigallery, called seeing her work showcased at the NYSE “mind-blowing.” 

Her series of Nakamoto statues now spans six global locations: Switzerland, El Salvador, Japan, Vietnam, Miami, and now, New York City.

Related: Satoshi Nakamoto's Legacy and the Future of Bitcoin in Finance

Who is Satoshi Nakamoto?

Satoshi Nakamoto is the pseudonymous inventor of Bitcoin, the world’s first decentralized cryptocurrency. 

In 2008, Nakamoto published the Bitcoin white paper, outlining a peer-to-peer digital cash system built on blockchain technology.

A year later, Nakamoto launched the Bitcoin network and mined its first block, known as the “genesis block," creating the first 50 BTC and igniting a financial revolution. 

After corresponding with early developers through online forums, Nakamoto vanished in 2010. Their identity remains one of the greatest mysteries in modern technology.

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Jack Mallers’ Bitcoin firm debuts on NYSE

The installation coincided with the debut of Mallers’ Bitcoin-focused company, Twenty One Capital, which began trading on the New York Stock Exchange under the ticker symbol “XXI” on Dec. 9.

The listing followed a merger with Cantor Equity Partners (CEP), a Nasdaq-listed special purpose acquisition company. 

Twenty One Capital, described as a Bitcoin-native enterprise, aims to provide equity-market exposure to Bitcoin, offering investors a regulated entry point into BTC-based investments.

Backed by Tether and SoftBank, Twenty One Capital is expected to compete directly with Michael Saylor’s MicroStrategy (NASDAQ: MSTR) in the race to institutionalize Bitcoin holdings.

Related: Jack Mallers has a fix for collapsing housing affordability

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