PANews reported on May 14th that according to The Block, the cryptocurrency investment company Twenty One Capital (stock code CEP), supported by Cantor Fitzgerald, Tether, and SoftBank, has purchased 4,812 bitcoins worth $458.7 million, which is the first of many buy orders promised by the company. A securities filing on Tuesday showed that the stablecoin issuer Tether completed the purchase shortly after Twenty One Capital was established. The transaction was based on an agreement using the proceeds from a convertible bond issuance related to publicly traded entities. The initial allocation mentioned in the "initial PIPE Bitcoin" transaction has been transferred to a wallet controlled by Tether. Upon completion of the business merger, Tether will sell these bitcoins to the listed company at a price of $458.7 million.
Twenty One Capital was established through a merger with Cantor Equity Partners' SPAC, with an initial balance sheet holding bitcoins worth $3.6 billion, making it the third-largest bitcoin holder among listed companies.
