Twenty One Capital buys 4,812 Bitcoin for 458.7 million as part of its SPAC deal with Cantor Equity Partners.
The firm now holds over 36000 Bitcoin and aims to reach 42,000 after the public launch under the ticker XXI.
Tether holds the Bitcoin in a public wallet showing rising transparency in corporate crypto investments.
Tether-backed investment firm Twenty One Capital has purchased 4,812 Bitcoin worth $458.7 million, according to a recent SEC filing. The acquisition is part of a private investment in public equity (PIPE) deal linked to the company’s SPAC merger with Cantor Equity Partners.
https://twitter.com/BitcoinMagazine/status/1922389674112299047 Bitcoin Purchase Executed by Tether
The transaction occurred on May 9, when Tether transferred the Bitcoin to an escrow wallet. The BTC was later moved to a wallet controlled by Tether. It will be sold to Twenty One Capital at the agreed PIPE valuation of $458.7 million. The filing confirms this purchase aligns with the company's broader Bitcoin acquisition strategy.
Once the SPAC merger finalizes, the company will trade under the ticker XXI. It currently trades under CEP, which is sponsored by Cantor Fitzgerald. The PIPE investment includes contributions from Tether, Bitfinex, and SoftBank. These holdings will convert to shares at $10 each after the merger.
Firm’s BTC Holdings Increase Sharply
This latest purchase boosts Twenty One Capital’s total Bitcoin holdings to 36,312 BTC. Of that total, 31,500 BTC is currently held by Cantor Equity Partners. According to the filing, the company plans to hold 42,000 BTC after going public.
Expected contributions include 23,950 BTC from Tether, 10,500 BTC from SoftBank, and 7,000 BTC from Bitfinex. These assets will convert into equity. The combined value represents a major step toward achieving the firm’s capital-efficient Bitcoin exposure goals.
Share Volatility Reflects Market Response
Shares of Cantor Equity Partners (CEP) rose sharply today. The price climbed to $29.84. Following the SEC disclosure, CEP shares gained 5.2% in after-hours trading. Market watchers attribute the spike to investor interest in the firm’s Bitcoin strategy.
Tether holds the Bitcoin in a digital wallet accessible to the public. This approach mirrors practices used by other firms, including Bitwise and Metaplanet. It reflects growing expectations for transparency in crypto asset reporting.
Twenty One Capital Climbs BTC Rankings
According to BitcoinTreasuries.net, Twenty One Capital now ranks as the third-largest corporate holder of Bitcoin. It trails only MicroStrategy and MARA Holdings. The company uses Bitcoin per share as its primary performance metric instead of earnings per share.
Japanese firm Metaplanet added 1,271 BTC worth $126.7 million this week. The move indicates broader institutional interest. The trend suggests continued momentum toward Bitcoin-centric treasury strategies across global markets.
