Tether to add 5,800 bitcoin to Twenty One Capital ahead of listing

Published 29/07/2025, 15:00
Tether to add 5,800 bitcoin to Twenty One Capital ahead of listing

AUSTIN - Bitcoin-native company Twenty One Capital, Inc. announced Tuesday it expects to receive approximately 5,800 additional Bitcoin from Tether at the closing of its previously announced business combination with Cantor Equity Partners (NASDAQ:CEP). CEP shares, currently trading at $28.06, have shown remarkable momentum with a 173% gain over the past six months, according to InvestingPro data.

This addition will bring Twenty One’s total holdings to over 43,500 Bitcoin, positioning it as the third-largest corporate Bitcoin treasury globally. The company reports these holdings will be acquired at a blended average cost of $87,280.37 per Bitcoin.

Twenty One Capital is proceeding with plans to become publicly listed through its business combination with Cantor Equity Partners, Inc. (NASDAQ:CEP), a special-purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald. Following the completion of this transaction, the company intends to trade under the ticker symbol XXI.

"We believe Bitcoin deserves a public company worthy of its ethos," said Jack Mallers, Co-Founder and CEO of Twenty One in the statement. "We’re not here to beat the existing system, we’re here to build a new one."

The company plans to introduce a performance metric called Bitcoin Per Share (BPS), which will reflect the amount of Bitcoin the company holds that each fully-diluted share represents. According to the announcement, each share is expected to represent approximately 12,559 sats/share.

Following the business combination closing, Twenty One will hold Bitcoin on its balance sheet as part of its long-term treasury strategy. The company states all Bitcoin will be custodied transparently with real-time proof of reserves available online.

The transaction remains subject to customary closing conditions, including approval from CEP’s shareholders. Twenty One has made a confidential submission of a draft registration statement on Form S-4 with the SEC.

At closing, Twenty One will be majority-owned by Tether and Bitfinex, with SoftBank Group Corp. holding a significant minority stake. InvestingPro subscribers can access additional insights about CEP, including 8 more exclusive ProTips and detailed financial metrics that could help evaluate this unique Bitcoin-focused investment opportunity.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.