Cantor Equity Partners Announces $458.7 Million Bitcoin Acquisition Deal
Cantor Equity Partners (CEP) announced a $458.7 million acquisition of bitcoin as part of a merger with Twenty One Capital, an investment vehicle focused on bitcoin, backed by Tether, Bitfinex, and SoftBank.
- The deal involves a business combination with Tether Investments and iFinex.
- Tether acquired approximately 4,812 BTC at an average price of $95,319, which will be held in escrow for the merged entity.
- The escrow wallet received the BTC from a Bitfinex hot wallet on May 9, valued at $500 million based on current prices.
- Twenty One Capital is led by Brandon Lutnick and will be majority-owned by Tether and iFinex, with SoftBank holding a significant minority stake.
- The company aims to have over 42,000 BTC at launch.
- CEP shares increased by 3.7% in after-hours trading.