On May 14, a report stated that Twenty One Capital (stock code CEP), a cryptocurrency investment company backed by Cantor Fitzgerald, Tether, and SoftBank, purchased 4,812 bitcoins, worth approximately $458.7 million. This is one of the first purchase commitments made by the company. Securities filings show that Tether, the stablecoin issuer, completed the purchase after Twenty One Capital was established. This transaction is based on an agreement to use the total amount raised from subscription agreements related to the issuance of convertible bonds by listed organizations. The initial allocation, known as the 'Initial PIPE Bitcoin' transaction, was transferred to a wallet controlled by Tether. After the business merger is completed, Tether will sell the bitcoins to the listed company for $458.7 million. Twenty One Capital was formed through a SPAC merger with Cantor Equity Partners. Initially, their balance sheet held bitcoins worth $3.6 billion, ranking third among listed companies. This content is for informational purposes only and is not investment advice.
Source: https://tintucbitcoin.com/twenty-one-capital-chi-hon-4587-trieu-usd-mua-bitcoin/
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