🏇THE CORPORATE ACCUMULATION RACE HAS BEGUN!
🚀SoftBank Group Corp., Tether and Bitfinex have teamed up to launch Twenty One Capital, Inc., a bitcoin-native company, through a business combination with Cantor Equity Partners (CEP).
Cantor said in a statement on Wednesday that
Twenty One, a newly formed entity, has entered into a definitive agreement for a business combination with CEP, a special-purpose acquisition company (SPAC)
Twenty One and CEP have also entered into subscription agreements with investors to raise over $1 billion which will be used to purchase bitcoin and for general corporate purposes.
🤯Twenty One expects to launch with more than 42,000 bitcoin, which would make it the third-largest Bitcoin treasury in the world as of today.