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Cantor Equity Shares Skyrocket as SPAC Merger with Bitcoin-Focused Twenty One Advances

The newly formed company, backed by Tether, SoftBank, and Bitfinex, will debut with 42,000 BTC and plans to offer bitcoin-native financial products.

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Overview

  • Cantor Equity Partners shares have surged 134% this week as the SPAC merger with Twenty One progresses toward finalization.
  • Twenty One will launch with a 42,000 BTC treasury, making it the third-largest corporate Bitcoin holder globally at inception.
  • The firm, majority owned by Tether, Bitfinex, and SoftBank, plans to provide direct Bitcoin exposure through its stock and develop additional financial products.
  • Jack Mallers, a prominent Bitcoin advocate and Strike CEO, will lead the company as its co-founder and CEO.
  • The merger is seen as a significant validation of the corporate Bitcoin treasury model, with analysts noting its potential to shift institutional sentiment toward Bitcoin adoption.