Overview
- Twenty One Capital agreed to receive 5,800 BTC from Tether at the closing of its merger with Cantor Equity Partners.
- The inflow brings its total holdings to over 43,500 BTC, positioning it as the third-largest corporate Bitcoin treasury behind Strategy and Mara Holdings.
- The SPAC structure leaves Tether and Bitfinex as majority owners, SoftBank Group as a significant minority investor and remaining equity with PIPE investors, public CEP shareholders and Cantor Fitzgerald.
- Closing of the business combination is pending customary shareholder and SEC approvals before shares can begin trading under the ticker XXI.
- Investors will track performance through the new Bitcoin Per Share metric and access transparent custody via real-time on-chain proof of reserves.