Cantor Equity Shares Skyrocket 134% Amid $3.9B Bitcoin Merger to Form “Twenty One”
Shares of Cantor Equity Partners (CEP) surged 134% this past week—jumping 50% on Thursday alone—after announcing a transformative merger with a Bitcoin-focused company. The new entity, Twenty One, is set to become a major public player in the crypto space with over 42,000 BTC (worth approximately $3.9 billion) in its treasury.
The merger is being facilitated through a Special Purpose Acquisition Company (SPAC), with Twenty One poised to offer a unique blend of Bitcoin accumulation, financial services, and crypto-centric media. The venture is backed by heavyweights like Tether, Bitfinex, SoftBank, and Cantor Fitzgerald.
Jack Mallers, CEO of Strike, will lead the new company, while Brandon Lutnick—son of U.S. Commerce Secretary Howard Lutnick and head of CEP—will play a key role in its formation. The firm plans to raise $385 million via convertible notes and another $200 million through PIPE (Private Investment in Public Equity) funding to fuel its ambitious roadmap.
Once launched, Twenty One will trade under the ticker symbol XXI, giving investors regulated exposure to Bitcoin without the need to hold the asset directly.