Tether StableCoin Tether has bought $ 458.7 million from Bitcoin for Twenty One Capital, a Bitcoin investment company that has supported and is awaiting the completion of the process of integrating the special purposes (Spac) with Cantor Equity Partners.
Tether 4,812.2 Bitcoin (BTC) At 95319 dollars each and transfer To a guarantee portfolio on May 9, property rights partners in Cantor Detected On May 13, he submitted the American Securities and Stock Exchange Committee.
It reaches the total Bitcoin Tonse holdings to 36312 BTC, with Cantor Equity 31500 BTC partners on behalf of the company, which will be traded under the XXI index as soon as the Spac merge is complete.
CEO of twenty -one company, Jack Malars, He said On May 13, they are already in the process of approving the integration, but they did not give an accurate appreciation of the date of the completion of the treatment.
Twenty -one is already the third largest bitcoin holder, and only abandons the strategy Bitcoin Mara Holdings At 568,840 Bitcoin and 48,237 Bitcoin, respectively, bitcointreasuries.net Data He appears.
The rope is Institutes in the majority in twenty -one Along with BitFinex exchange encryption. Cantor Fitzgerarald is sponsored by Wall Street Fitzgerald, providing financial consulting services and securing $ 585 million of financing to support Bitcoin investments that number TON One.
Softbank, which eliminates Japanese investment, has invested $ 900 million in twenty -one, which is led by Strike Jack Mallers.
The strategy may have a legitimate competitor
Twenty -one said in a presentation in April to the Supreme Education Council, which is looking for Replace Michael Celor’s strategyPreviously, Microstrategy, to become the “superior car” for investors looking for “Capital Bitcoin”.
The company is among many Bitcoin purchase companiesBut it is to be a “pure play” for investors looking for Bitcoin’s exposure with original Bitcoin and more flexibility to increase strategic capital.
Twenty -one said that his main success scale will be Bitcoin per share It is not a measurement of traditional profits of the stock, as it will give priority to the purchase of Bitcoin on a profit.
Related to: Nakamoto Holdings with KidlyMd to build a bitcoin cabinet
Twenty -one aims to reach 42,000 bitcoins by the time it is launched. Previous deposits showed that 23,950 Bitcoin is expected to come from Tether and 10500 Bitcoin from SoftBank and about 7000 Bitcoin from Bitfinex, which will be converted into shares at $ 10 per share.
The price of the Cantor Equity Partners (CEP) increased from $ 10.65 to $ 59.73 on May 2, but it has since decreased to $ 29.84, Google Finance Data He appears. CEP increased by another 5.2 % in hours after the last purchase.
magazine: Crypto wanted to topple banks, and now it’s in Stablecoin fighting
publish_date
