Cantor Equity Partners (CEP) shares moved 55% on Tuesday and up to 15% of pre-market trading, trading below $ 19.
The Skyward movement is driven by the investor’s optimism around its proposed integration Twenty -one capital A native investment vehicle of Bitcoin (BTC) supported by Tether, Bitfinex, and Softbank.
Led by strike CEO Jack Malers and Brandon Lutnick, twenty -one capital has been positioned as a public proxy for Bitcoin, who potentially holds more than 42,000 BTCs in launching and introducing metrics such as Bitcoin Per Share (BPS) and Bitcoin Return Rate (BRR) to measure the value of the BTC shares.
According to Pro Forma’s latest ownership tables, Tether controls 42.8% of equity and 51.7% of voting power, while Bitfinex and Softbank holds 16.0% and 24.0% of the company respectively, post-converted. Public shareholders of the SPAC remain only 2.7% owner, emphasizing severe dilution but significantly reversed when BTC rises.
With BTC trading near $ 94,000, and the entity holding about $ 4B in BTC exposure, investors again rated the CEP as a high-leverage bet in the institutional adoption of Bitcoin. The stock is set to re -enroll under the ticker “XXI” once the integration ends.
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