On May 14, a Bitcoin-focused listed company announced the purchase of 4,812 BTC (worth $458.7 million) through Tether, at an average price of $95,300.
Investment firm Cantor Equity Partners previously announced plans to establish "Twenty One" through a SPAC merger. This will become a Bitcoin-focused listed company with initial reserves of over 42,000 bitcoins—valued at more than $3.9 billion at current prices—supported by funding from Tether, Bitfinex, investment firm Cantor Fitzgerald, and SoftBank Group. Led by Brandon Lutnick, son of the US Secretary of Commerce, the company not only plans to accumulate Bitcoin (allowing investors to gain exposure without directly holding the asset), but also intends to provide Bitcoin-related financial services and create a cryptocurrency content and media platform.
