Bitcoin-native company Twenty One announced that it will launch with a holding of over 42,000 BTC

2025-04-23 22:46:14

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ChainCatcher news, according to Businesswire, the newly established Bitcoin company Twenty One Capital, Inc. announced today that it has signed a definitive agreement with Cantor Equity Partners, Inc. (NASDAQ: CEP). Upon the completion of the business combination, Twenty One will be controlled by Tether and Bitfinex, with SoftBank Group holding a significant minority stake.

Twenty One and CEP have also entered into subscription agreements with investors to raise an additional total capital of $585 million upon the completion of the transaction, including (i) raising $385 million through convertible senior secured notes, and (ii) raising $200 million through a private investment in public equity (PIPE) financing. The net proceeds from the PIPE financing will be completed concurrently with the business combination and will be used to purchase additional Bitcoin and for general corporate purposes.

Twenty One expects to launch with a holding of over 42,000 Bitcoins, making it the third largest holder of Bitcoin reserves globally to date. Twenty One aims to accumulate Bitcoin and increase its per-share holdings, rather than just tracking the price of Bitcoin.

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