Satoshi Nakamoto Statue Debuts at NYSE as Bitcoin Gains Wall Street Recognition

The New York Stock Exchange (NYSE) unveiled a bronze statue honoring Bitcoin’s creator, Satoshi Nakamoto, on Thursday. This notable event was organized by Twenty One Capital, the first Bitcoin-focused public company listed on the NYSE under the ticker XXI. The statue is one of 21 planned monuments aimed at celebrating Bitcoin, coinciding with a time of uncertainty in the crypto markets due to Federal Reserve policies. NYSE officials described the artwork as representing a “shared ground between emerging systems and established institutions.”

Key Takeaways

The NYSE welcomed a statue of Satoshi Nakamoto, symbolizing Bitcoin's acceptance in traditional finance.
This statue marks just one of 21 planned monuments celebrating Bitcoin’s value.
Twenty One Capital has recently faced market challenges, reflected in its stock performance.

Satoshi Nakamoto Statue Debuts at NYSE

Satoshi Nakamoto Statue at NYSE

Twenty One Capital’s CEO, Jack Mallers, who is also the founder of the Lightning Network payment provider, Strike, commented that this placement signifies Bitcoin’s growth from a mere concept to a significant cultural reality. Despite this exciting development, Bloomberg reported a 19% drop in the company’s stock during its trading debut after a merger with a special-purpose acquisition company (SPAC).

Monument Placement Faces Challenges

Artist Valentina Picozzi expressed her surprise, stating the placement at the NYSE surpassed “our wildest dream” for the statue series. This installation follows a troubling incident in which another Satoshi statue was vandalized in Switzerland. After Swiss National Day celebrations, individuals reportedly stole and disposed of the monument in Lake Lugano.

Local investigators indicated that the statue was removed using industrial tools, with only its feet left attached. In response, Satoshigallery, the art collective behind the monument campaign, offered a reward of 0.1 Bitcoin—approximately $12,000—for information leading to its recovery. They condemned the vandalism, asserting, “You can steal our symbol but you will never be able to steal our souls.”

This theft was the first significant incident that affected official Satoshi monuments since the unveiling of the world’s first statue in Budapest in September 2021.

Satoshi Nakamoto Statue

The ongoing global campaign aims to place 21 monuments to reflect the total cap of Bitcoin's 21 million coins. Statues are already located in Budapest, El Salvador's Bitcoin Beach, Tokyo, and now New York. The original monument in Budapest features a hooded figure with a mirror-like surface, symbolizing “we are all Satoshi,” while Picozzi’s “Disappearing Satoshi” depicts a seated figure at a laptop that changes appearance based on the viewer's perspective.

Twenty One Capital Navigates Market Challenges

Currently, Twenty One Capital boasts around 43,500 bitcoins valued at over $3.9 billion, making it the third-largest corporate holder globally. The company recently merged with Cantor Equity Partners, a SPAC backed by Cantor Fitzgerald, chaired by Brandon Lutnick, the son of U.S. Commerce Secretary Howard Lutnick.

The merger involved $486.5 million in senior convertible notes and roughly $365 million raised through private equity investments. When shares began trading at $10.74 on Tuesday, it was notably lower than the SPAC’s previous close of $14.27, amid mounting pressure on digital asset treasury companies.

Despite these fluctuations, Mallers highlighted that Twenty One Capital differs from competitors, noting that it doesn’t trade at a premium over its net asset value. The company plans to expand its offerings beyond Bitcoin accumulation by introducing new products and services.

Federal Reserve Policies Impact Bitcoin Trends

On Thursday, Bitcoin was trading at $90,121, reflecting a 2.3% decline following the Federal Reserve's decision to cut interest rates for the third consecutive time. Chair Jerome Powell characterized this reduction as part of ongoing policy normalization, projecting one more cut in 2026, which was fewer than many investors anticipated.

Current futures indicate a 78% chance that rates will stay steady during the next meeting, up from 70% before the announcement. Ray Youssef, CEO of NoOnes, discussed two potential scenarios influenced by the Fed's guidance:

“A dovish Fed tone could spark renewed risk appetite, potentially igniting a ‘Santa rally’ for digital assets, with BTC surpassing $100,000,” he stated. However, he cautioned that a more cautious or hawkish message from the Fed could lead to a decline to the mid $70,000 level, as traders adjust to defensive market positions.

Youssef stressed that Bitcoin's recovery is dependent on renewed capital inflows rather than simply a reduction in selling pressure, noting that existing inflows into ETFs remain minimal and that market depth is thin.