Twenty One Purchases 4,812 Bitcoin
Global stablecoin issuer Tether has facilitated Bitcoin-focused firm Twenty One in acquiring 4,812 Bitcoin (BTC) through a direct equity investment. Post-merger, Twenty One’s initial holdings will exceed 36,000 BTC, positioning it as the third-largest publicly traded Bitcoin holder.
Key Details:
- Investment Source: $500 million raised via private investment (PIPE) and convertible bonds.
Purchase Breakdown:
- Quantity: 4,812.22 BTC
- Average Cost: $97,402 per BTC
- Storage: Held in Tether-operated digital wallets (SEC filing reference).
Initial Investors in CEP
Twenty One merges with Cantor Fitzgerald’s SPAC Cantor Equity Partners (CEP) to go public, led by Strike CEO Jack Mallers. Key stakeholders include:
- Tether (51.7% voting rights)
- SoftBank Group (second-largest shareholder)
- Bitfinex and Cantor Fitzgerald
👉 Explore how Tether’s Bitcoin strategy reshapes institutional adoption
Shareholder Contributions:
- Tether/Bitfinex: Transferred 31,500 BTC for equity.
- SoftBank: Cash investment (equivalent to ~10,500 BTC) via Tether.
Twenty One’s Vision: Beyond Bitcoin Holdings
Positioned as a full-service Bitcoin company, Twenty One plans to:
- Promote Bitcoin adoption through content and cultural initiatives.
Launch Bitcoin-native financial products, including:
- BTC lending services
- Capital market instruments
FAQ: Key Questions Addressed
Q: Is SoftBank’s investment in Twenty One at risk due to Stargate funding issues?
A: While SoftBank faces hurdles with its $500B Stargate AI project, its ~$1B commitment to Twenty One remains relatively minor. Funding status is unconfirmed but likely secure.
Q: Why did CEP’s stock price drop from $59 to $29?
A: Market volatility and investor caution around merger timelines may explain the retreat.
Q: What’s Twenty One’s post-merger trading symbol?
A: The ticker will change from CEP to XXI post-Nasdaq listing.
Market Performance: CEP Volatility
- May 1 Peak: $59/share
- Current: ~$29 (as of latest data)
Risk Disclosure
Cryptocurrency investments carry high volatility. Capital loss is possible—assess risks carefully.
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