According to BlockBeats, on May 14, a Bitcoin-centric public company announced the purchase of 4,812 BTC (US$458.7 million) through TETHER at an average price of US$95,300.
Investment firm Cantor Equity Partners previously announced plans to establish "Twenty One" through a SPAC merger. This will become a Bitcoin-centric public company with an initial reserve of more than 42,000 bitcoins - worth more than $3.9 billion at current prices, and financial support from Tether, Bitfinex, and investment firms Cantor Fitzgerald and SoftBank Group. The company, headed by Brandon Lutnick, son of the U.S. Secretary of Commerce, plans to not only hoard bitcoin (allowing investors to gain exposure to related assets without actually holding them), but will also provide Bitcoin-related financial services and create a cryptocurrency content and media platform.
