Twenty One Capital raises additional $100 million by issuing convertible bonds
2025-05-29 14:49:09
Twenty One Capital, a bitcoin investment firm, raised an additional $100 million in convertible senior secured notes, bringing the total to $685 million in preparation for its merger with Nasdaq-listed Cantor Equity Partners. According to SEC filings, the additional funding came from existing investors and sponsors who exercised the purchase option. The company was created by Brandon Lutnick through the SPAC structure, with major shareholders including iFinex and Tether, and will be led by Strike CEO Jack Mallers. Twenty One Capital recently disclosed the completion of a $458 million bitcoin acquisition, making it the first company to adopt a cryptocurrency fiscal strategy after Michael Saylor's Startegy.
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