👈🌹$BTC $NOT $TRUMP 👉🌹
🟢The company Twenty One Capital purchased $458.7 million worth of Bitcoin
🚨On May 14, the news agency mansooralrhyb reported that Twenty One Capital (stock symbol CEP), a cryptocurrency investment company backed by Cantor Fitzgerald, Tether, and SoftBank, bought 4,812 Bitcoins worth $458.7
👋👈 million USD, according to The Block. This is the first of many purchase orders the company has committed to. A securities filing on Tuesday showed that Tether, the issuer of the stablecoin, completed the purchase shortly after the establishment of Twenty One Capital. The deal relies on
🤑 an agreement to use the total proceeds from a subscription agreement related to a convertible debt offering by a publicly traded entity. This initial allocation, referred to in the transaction as "PIPE Initial Bitcoin," was transferred to a wallet controlled by Tether. Once the business combination is completed, Tether will sell the Bitcoins to the listed company for $458.7 million USD.
🌀🌡️Twenty One Capital was established through a SPAC merger with Cantor Equity Partners. At its creation, the company's balance sheet included $3.6 billion in Bitcoin, making it the third largest holder of Bitcoin among listed companies.
