After the news of Cantor Fitzgerald’s partnership with SoftBank and Tether, the shares of Cantor Equity Partners (CEP) saw a steep 134% increase.
Cantor, the legacy investment firm, is now foraying into Bitcoin by establishing a new venture called Twenty One Capital, which is expected to raise around $3B worth of $BTC from its partners.
This includes $1.5M from Tether, $900M from SoftBank, and $600M from Bitfinex. These figures were quoted at a valuation of $85K per $BTC, but the token has climbed since then, putting the total valuation at around $3.9B.
It’s worth noting that CEP is just a blank check company that will oversee and help the formation of Twenty One Capital, which will be a publicly traded entity.
Another Bitcoin fund is surely positive news for the OG crypto. Keep reading to find out its exact implications and which new crypto you can buy right now to benefit from a fo ..
Support the originator by clicking the read the rest link below.
