A TITAN OF BITCOIN IS BORN!
Tether and Softbank DRIVE Twenty One Capital with $458 MILLION in #BTC
The LARGEST corporate purchase in sight
Twenty One Capital, a new investment company in #bitcoin backed by giants like Cantor Fitzgerald, #Tether and Softbank, has made a massive initial acquisition of 4812 BTC valued at $458.7 million.
This purchase, the first of many promised, comes shortly after the company’s formation and positions it as a significant player in the corporate investment space in Bitcoin. Twenty One Capital trades under the symbol CEP.
The purchase was financed through revenues from subscription agreements linked to a convertible bond offering.
Tether made the initial purchase and will transfer the Bitcoin to Twenty One Capital after the merger with Cantor Equity Partners is completed.
Twenty One Capital was formed through the merger with a SPAC (Cantor Equity Partners) and already holds $3600 million in Bitcoin on its balance sheet, becoming the third largest corporate holder of Bitcoin among public companies.
