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According to a report from Bijie.com on April 25, the cryptocurrency circle has recently dropped a bombshell! Cantor Equity Partners (CEP), an investment company affiliated with the cryptocurrency-friendly company Cantor Fitzgerald, saw its stock price soar 50% on Thursday after the news of its plan to merge into a new Bitcoin-based company was announced, which was like a blazing fire, setting off a storm in the capital market!
According to Yahoo Finance data, CEP's stock price recently traded at $24.80 per share, and has risen by 134% in the past week. This increase is simply jaw-dropping, like a rocket rising straight up!
As a special purpose acquisition company (SPAC), CEP was established to help other companies go public through acquisitions or mergers. And just on Wednesday, it announced a plan that was enough to shake up the cryptocurrency world - to establish "Twenty One" through a SPAC merger. This is not an ordinary company. It will become a listed company with Bitcoin as its core, with an initial reserve of more than 42,000 Bitcoins, which is worth more than $3.9 billion at the current price. It is fully supported by funds from Tether, Bitfinex, investment company Cantor Fitzgerald and SoftBank Group. It can be said that it was born with a "golden spoon".
The company is headed by Brandon Lutnick, the son of the US Secretary of Commerce. It not only intends to hoard Bitcoin on a large scale, allowing investors to gain exposure to related assets without actually holding them, just like opening a convenient door to the world of Bitcoin investment for investors; it also plans to provide Bitcoin-related financial services and create cryptocurrency content and media platforms, with a full-scale layout in the cryptocurrency field, and ambitiously wants to build its own business empire in this emerging field. This series of actions has undoubtedly injected a "boost" into the entire cryptocurrency market, triggering strong market attention and crazy pursuit by investors, and also making people full of imagination and expectations for the future development of cryptocurrency.
