Tether CEO Paolo Ardoino announced the transfer of 25,812 Bitcoin to Twenty One Capital, a Bitcoin treasury company involving Bitfinex, Cantor Fitzgerald, and SoftBank. The move, valued at $2.7 billion, is part of pre-funding for an equity raise. Twenty One Capital, led by CEO Jack Mallers, plans to list on Nasdaq through a SPAC merger with Cantor Equity Partners. Mallers revealed intentions to sell $100 million in convertible notes to acquire more Bitcoin. The company aims for transparency by sharing wallet addresses and proof of reserves. This strategy mirrors other Bitcoin treasury firms like MicroStrategy. Mallers emphasized a commitment to transparency and disclosed plans for additional contributions from Tether and SoftBank. The news boosted CEP's share price by 7% to $43, with a subsequent spike to $59.75. Read more AI-generated news on: https://app.chaingpt.org/news

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