Twenty One Capital has made headlines with its ambitious acquisition of $458.7 million really worth of Bitcoin. This primary move places it as the 1/3-biggest corporate Bitcoin holder global. With backing from Tether, SoftBank, and Cantor Fitzgerald, the firm acquired four,812 BTC at a median of $95,319 in line with coin on May 9, 2025.
The funding is most effective section one in every of an ambitious plan. The business enterprise aims to accumulate forty two,000 BTC as part of its merger with Cantor Equity Partners (CEP), a SPAC poised to list Twenty One on Nasdaq beneath the ticker “XXI.”
Twenty One Capital Powers SPAC Strategy
Twenty One Capital Structured Agreement through a pipe transaction. Tether transferred Bitcoin to Escrow, with the company planning to complete the payment after the merger closes.
Acquisition of $ 458.7 million is part of a larger $ 585 million capital increase. It includes $ 385 million in convertible banknotes and $ 200 million in equity financing. The funds will operate additional BTC purchases and support operations.
Cantor Equity Partners, who raised $ 100 million in a stock exchange listing in 2023, plays a key role. Cantor Fitzgerald currently has 31,500 BTC on behalf of Twenty One. The Spac strategy allows the company to avoid traditional stock exchange complexities.
Twenty One Capital Expands Ownership Ties
Tether and Bitfinex will jointly own 58.8% of twenty one after the merger. Their huge Bitcoin contribution part of Tether’s broader award strategy for gain-to-BTC-Highlight’s institutional confidence in cryptor reserves.
Softbank adds additional weight, holds a 24% ownership interest and contributes 10,500 BTC to the Treasury. Meanwhile, Cantor Fitzgerald’s presence offers deep access to the Wall Street Compensation. This uniform ownership strengthens twenty -one position in an unstable market.
Bitcoin Supremacy
Led by CEO Jack Mallers, the company’s vision is crystal clear Become “the most successful company in Bitcoin.” It will focus on growing bitcoin-per share instead of traditional earnings.
Unlike strategy (formerly microstrategy), twenty-none will not dip in non-crypto verticals. Instead, it plans to offer Bitcoin-Native loans, capital market instruments and education media. This strategy is designed to attract investors seeking pure BTC exposure.
Twenty One Capital Faces Market Heat
The market answered quickly. CEP’s share rose 5.2% after hours after announcement. However, shares remain unstable. Critics, including @occamicrypto, have flagged concern for inside benefits associated with Tether and Bitfinex.
In addition, the merger still needs approval of the authorities. And with Bitcoin’s price that hovered close to $ 85,000, the company’s valuation could be tested.
If prices drop, the company’s debt of $ 385 million can lead to liquidity determination. Retail investors also face risks associated with the room’s complex structure.
