Lutnicks’ Cantor Fitzgerd, Tether and Softbank are cooperating on Bitcoin project worth $ 3.6 billion to compete

Bond Cantor Fitzgerd, Stablecoin Giant Tether and Softbank Group cooperate to launch Twenty One Capital, a bitcoin accumulation vehicle targeting Wall Street.

The new entity will be announced through the process of combining with the Cantor Equity Partners (CEP), a special purposes acquisition company (Spac) sponsored by a subsidiary of Cantor (also an investor and CUSTODIAN), at the value of a pro -formation institution of $ 3.6 billion. Billionaire Howard Lootnik Cantor led for a four -decade and is now the United States Trade Minister. Canor now runs his 27 -year -old Brandon’s son. Tether, Exchange Bitfinex will keep the majority and Softbank a big minority. Jack Mallers, founder of Bitcoin Payments Strike, will be the CEO.

Twenty-one will collide with the passage of about 42,000 Bitcoin, at a value of $ 3.6 billion at an average price of 10 days of 84,864 dollars, obtained from cash obligations and coins contributions from Tether, BitFinex and SoftBANK-1.5 billion dollars, 600 million dollars and 900 million dollars, respectively, According to the Financial TimesIn exchange for property rights. TRVE will make the third largest bitcoin holder, which is behind the strategy only (Microstrategy) with 538200 BTC ($ 50.5 billion) and MARA MARA 47,531 BTC ($ 4.5 billion).

To provide the company with more purchasing operations, the company received $ 585 million of financing: $ 385 million from the guaranteed convertible notes at $ 13 and an investment of $ 200 million in public stocks (PIPE) at a price of $ 10 per share. Tether will also buy Bitcoin equal to maintenance of revenue from convertible and stock pipe sales (after fees) within ten working days. If investors notice their size option, Tether will buy more. Upon closing, Twenty One will use pipelines to buy the same bitcoin from Tether at a cost.

The business model in twenty -one years is echoing the strategy listed on the Nasdaq Stock Exchange, the sleeper software collection has turned into Juggernaut by Bitcoin by the co -founder of billionaire Michael Sailor. Thanks to Smart financial engineering and leverageThe market value of 91 billion dollars is nearly twice the value of bitcoin that it keeps in its treasury. The Tharn One version of the creation of Saylor includes intended for attracting investors: Bitcoin per share (BPS), calculating coins for each fully diluted share, Bitcoin (BRR) rate, and tracking BPS growth. Any procedure does not seem to address any concrete return rates for investors. The press statement announces great ambitions: “Tondnet one intends to develop the structure of companies capable of supporting financial products designed with Bitcoin. This includes original lending models, capital market tools, and future innovations that will replace old financial tools with Bitcoin alternatives.”

Cantor Equity Partners will continue to trade on the Nasdaq Stock Exchange under the “CEP” icon until the transaction is closed. Twenty -one will seek to trade after closing under the XXI indicator icon.