The American Bitcoin company Twenty One Capital, directly invested in Bitcoin by the world's largest stablecoin issuer Tether, announced that it will acquire approximately 5,800 Bitcoins from Tether before going public, bringing its total Bitcoin holdings to over 43,500 Bitcoins, with an average cost of $87,280.37 per Bitcoin. Twenty One has secretly submitted an S-4 registration statement draft to the SEC and will trade under the stock symbol 'XXI' after the business merger is completed.
(Directly investing in Twenty One with Bitcoin, the ambitions and blueprint behind Tether)
Twenty One adds more, holding over 43,500 Bitcoins
At the beginning of June, Twenty One announced five wallet addresses, stating that the company's Bitcoin reserve proof (Proof of Reserves) is online, currently holding 37,229 Bitcoins, including
10,500 Bitcoins purchased by Softbank (through Tether)
4,812.22029710 Bitcoins from private investors (through private placement and convertible bonds raising $500 million)
917.47360612 Bitcoins from convertible bond investors (additional $100 million raised at the end of May)
Tether directly transferred 14,000 Bitcoins
Bitfinex directly transferred 7,000 Bitcoins
Now announcing an additional 5,800 Bitcoins, along with the previously committed 4,422 Bitcoins and the additional subscription agreement reached on June 19 for 1,381 Bitcoins, the company's Bitcoin total will reach 43,514 Bitcoins, with an average cost of $87,280.37, solidly ranking third in the list of public companies by Bitcoin holdings, only behind MicroStrategy and MARA holdings.
However, according to its real-time proof of reserves, after transferring in 4,732 Bitcoins 10 hours ago, the total holding amount reached 43,343 Bitcoins, indicating that some transactions may still be pending.
Tether leads, and will trade as XXI after the merger
The American Bitcoin company Twenty One will go public through a merger with Cantor Fitzgerald's special purpose acquisition company (SPAC) Cantor Equity Partners (stock code CEP), with Jack Mallers, founder of Strike, serving as CEO, and the shareholder lineup includes Tether, Softbank, Bitfinex, and Cantor Fitzgerald.
Tether and Bitfinex will hold a majority stake.
Twenty One has secretly submitted an S-4 registration statement draft to the U.S. Securities and Exchange Commission. Twenty One will seek to trade under the stock symbol 'XXI' after the completion of the business merger. The completion of the business merger is subject to customary closing conditions, including obtaining the approval of CEP shareholders.
This article 'Twenty One adds more, holding over 43,500 Bitcoins will trade under 'XXI' was first published in Chain News ABMedia.
