๐๐น$BTC $NOT $TRUMP ๐๐น
๐ขThe company Twenty One Capital purchased $458.7 million worth of Bitcoin
๐จOn May 14, the news agency mansooralrhyb reported that Twenty One Capital (stock symbol CEP), a cryptocurrency investment company backed by Cantor Fitzgerald, Tether, and SoftBank, bought 4,812 Bitcoins worth $458.7
๐๐ million USD, according to The Block. This is the first of many purchase orders the company has committed to. A securities filing on Tuesday showed that Tether, the issuer of the stablecoin, completed the purchase shortly after the establishment of Twenty One Capital. The deal relies on
๐ค an agreement to use the total proceeds from a subscription agreement related to a convertible debt offering by a publicly traded entity. This initial allocation, referred to in the transaction as "PIPE Initial Bitcoin," was transferred to a wallet controlled by Tether. Once the business combination is completed, Tether will sell the Bitcoins to the listed company for $458.7 million USD.
๐๐ก๏ธTwenty One Capital was established through a SPAC merger with Cantor Equity Partners. At its creation, the company's balance sheet included $3.6 billion in Bitcoin, making it the third largest holder of Bitcoin among listed companies.
