RoYoK
--
Bullish
🐋🤯 Twenty One Capital Secures Purchase of Bitcoin for $458.7M Before the Merger
➡️ Twenty One Capital announced on Tuesday that Tether Investments purchased 4,812 bitcoins for $458.7 million at an average price of $95,319.83 per BTC, as part of a business combination deal involving multiple entities.
💲 Tether Acquires 4,812 Bitcoin at $95.3K Each for Business Deal Led by CantorIn the latest filing, the companies emphasized that neither the SEC nor state regulators have endorsed the transaction.
The deal, subject to shareholder approval and financing, demonstrates the growing institutional integration of cryptocurrencies.
Cantor and Twenty One Capital expect to close the merger after regulatory reviews, although timelines remain uncertain.
With precision and intent, Twenty One Capital is forging its identity as a company singularly devoted to accumulating bitcoin, drawing strategic inspiration from the well-documented plan of Strategy.
The firm’s ambitions are closely aligned with those of its predecessor, adopting a model where corporate reserves are channeled into the digital asset with a disciplined approach.
$BTC #CryptoRoundTableRemarks
➡️ Twenty One Capital announced on Tuesday that Tether Investments purchased 4,812 bitcoins for $458.7 million at an average price of $95,319.83 per BTC, as part of a business combination deal involving multiple entities.
💲 Tether Acquires 4,812 Bitcoin at $95.3K Each for Business Deal Led by CantorIn the latest filing, the companies emphasized that neither the SEC nor state regulators have endorsed the transaction.
The deal, subject to shareholder approval and financing, demonstrates the growing institutional integration of cryptocurrencies.
Cantor and Twenty One Capital expect to close the merger after regulatory reviews, although timelines remain uncertain.
With precision and intent, Twenty One Capital is forging its identity as a company singularly devoted to accumulating bitcoin, drawing strategic inspiration from the well-documented plan of Strategy.
The firm’s ambitions are closely aligned with those of its predecessor, adopting a model where corporate reserves are channeled into the digital asset with a disciplined approach.
$BTC #CryptoRoundTableRemarks
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.