The Bitcoin-centric public company announced the purchase of 4,812 BTC ($458.70 million) through TETHER at an average price of $95,300.
Investment firm Cantor Equity Partners previously announced plans to form "Twenty One" through a SPAC merger. This will be a bitcoin-centric public company with an initial reserve of more than 42,000 bitcoins - worth more than $3.90 billion at current prices, backed by Tether, Bitfinex, as well as investment firms Cantor Fitzgerald and SoftBank Group. The company, headed by Brandon Lutnick, son of the US Secretary of Commerce, plans not only to hoard bitcoin (giving investors exposure to related assets without actually holding them), but also to provide bitcoin-related financial services and create a cryptocurrency content and media platform.
Twenty One Adds 4,812 Bitcoins to Average Price of $95,300
2025-05-13 21:31:28
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