Twenty One Capital eyes Bitcoin-backed USD loans: Report
Main Idea
Twenty One Capital, backed by Cantor Fitzgerald and Tether, is considering issuing US dollar loans using Bitcoin as collateral and has significantly increased its Bitcoin holdings.
Key Points
1. Twenty One Capital may begin issuing US dollar loans with Bitcoin as collateral.
2. The company has expanded its Bitcoin holdings to at least 43,500 BTC, valued at approximately $5.13 billion.
3. Twenty One Capital acquired about 5,800 BTC from Tether, contributing to its large Bitcoin treasury.
4. The company aims to build one of the largest Bitcoin treasuries and is supported by Tether, Bitfinex, and SoftBank.
5. A planned merger with SPAC Cantor Equity Partners is expected to take the company public by 2026.
Description
Twenty One Capital, backed by Cantor Fitzgerald and Tether, may begin issuing US dollar loans using Bitcoin as collateral.
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