Twenty One Capital has merged with Cantor Equity Partners to enhance Bitcoin-based investments. The company has secured $585 million in funding and is backed by significant stakeholders like Tether, Bitfinex, and SoftBank. This merger, valued at $3.6 billion, aims to strengthen its position in the Bitcoin market.
Upon completion, the firm will hold nearly 42,000 Bitcoins, becoming the third-largest holder globally. The CEO, Jack Mallers, focuses on a model that emphasizes direct Bitcoin accumulation rather than existing metrics, aiming for substantial shareholder value enhancements.
Although regulatory feedback on the merger is still pending, the company’s strategy aligns with increased institutional interest in Bitcoin as a reliable reserve asset, potentially influencing broader market trends.
Full story here: https://coincu.com/334000-twenty-one-capital-merges-with-cantor
