Twenty One Capital’s Bitcoin stash is bigger than initially expected
Main Idea
Twenty One Capital, backed by Cantor Fitzgerald, Tether, and SoftBank, now holds over 43,500 BTC, exceeding initial projections, and plans to go public via a merger with a SPAC.
Key Points
1. Twenty One Capital's Bitcoin holdings have reached at least 43,500 BTC, surpassing early estimates by approximately 1,500 BTC.
2. The company's Bitcoin stash is valued at roughly $5.13 billion at current prices.
3. Twenty One Capital is backed by crypto firms Tether and Bitfinex, as well as venture capital giant SoftBank.
4. The firm plans to go public through a merger with special purpose acquisition company (SPAC) Cantor Equity Partners.
5. Unlike other companies like MicroStrategy, Twenty One Capital has not relied on debt to finance its Bitcoin purchases.
Description
Backed by Cantor Fitzgerald, Tether and SoftBank, Twenty One Capital now holds over 43,500 BTC, surpassing early projections, according to Bloomberg.
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