Twenty One Capital announced today that it will receive approximately 5,800 BTC from Tether at the closing of its previously announced business combination with Cantor Equity Partners. The addition will bring the company’s total holdings to more than 43,500 BTC, making it the world’s third-largest corporate Bitcoin treasury.
Acquired at a blended average cost of $87,280.37 per bitcoin, the treasury expansion will translate into roughly 0.00012559 BTC per share once Twenty One begins trading under the ticker “XXI” on Nasdaq following its SPAC merger with Cantor Equity Partners (NASDAQ: CEP). Twenty One Capital will track its bitcoin per share as a major KPI going forward.
Co-Founder and CEO Jack Mallers emphasized that Twenty One is “built on Bitcoin, backed with proof, and driven by a vision to reshape the global financial system,” while Tether CEO Paolo Ardoino said that anchoring the company’s model entirely to Bitcoin “breaks from legacy financial conventions.”
At the SPAC’s close, Twenty One will be majority-owned by Tether and Bitfinex, with a significant minority stake held by SoftBank Group Corp., and the remainder split among PIPE investors, public CEP shareholders, and Cantor Fitzgerald.
At time of publication, CEP is down 0.6% from yesterday’s close.
