Bitcoin Firm Twenty One Raises Additional $100 Million in Funding
Bitcoin treasury firm Twenty One has secured an additional $100 million through convertible senior secured notes, increasing its total capital raised to $685 million. This funding supports a merger with Nasdaq-listed Cantor Equity Partners (CEP).
- The new financing is from current investors who exercised options from the April fundraising.
- The notes carry a 1% coupon and are due in 2030.
- Total note financing now stands at $485 million, plus $200 million in private investment in public equity (PIPE) disclosed last month.
- CEP shares fell by 1.5% as Bitcoin dropped below $107,000.
- Twenty One is led by Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, and backed by iFinex and Tether.
- The company recently announced a $458 million Bitcoin acquisition.