Twenty One Capital raised an additional $100 million through the issuance of convertible bonds, bringing the total financing amount to $685 million

ChainCatcher news, Bitcoin company Twenty One has raised an additional $100 million through convertible preferred secured notes, bringing its total funding to $685 million. According to documents from the U.S. Securities and Exchange Commission (SEC), the new funding comes from existing investors and sponsors who exercised their option to purchase more notes, which was originally granted in the financing round in April.

Twenty One Capital was launched by Cantor's Brandon Lutnick through a SPAC structure, with notable owners including iFinex and Tether, and is led by Strike CEO Jack Mallers.