Tether Issuer Stablecoin bought a Bitcoin worth $ 458.7 million for twenty -one capital, the Bitcoin investment company, which expects to end the merger of the Aquisition company of a special goal (spac) with Cantor Equity Partners.
Tether broke 4,812.2 Bitcoin (BTC) after USD 95 319 each and moved to the deposit portfolio on May 9, Cantor Equity Partners revealed In the submission of May 13 to the American Commission of Securities and Exchange.
It brings a total number of Bitcoin to 36 312 BTC, because Cantor Equity Partners has 31 500 BTC on behalf of the company that will trade at Tyker XXI after the SPAC connection is completed.
Twenty One CEO, Jack Mallers, he said On May 13, that they are already in the process of approval of the connection, but it did not give an precise estimate when the transaction is completed.
Twenty One is already the third largest corporate owner of Bitcoins, following only the strategy and mining company Bitcoin Mara Holdings at 568 840 bitcoins and 48 237 bitcoins, bitcointreasuries.net data can be seen.
Tether is a majority stakeholder in twenty -one next to Crypto Exchange Bitfinex. Wall Street Fitzgerald hefty weight sponsors a connection, providing financial advisory services and secures financing of $ 585 million to support Bitcoin Bitcoin Twenty ONE investments.
The Japanese company Holding Holding Softbank also invested $ 900 million in twenty -one, which was led by the general director of Strike Jack Mallers.
The strategy may have a legitimate competitor
Twenty one said in a April presentation to SEC, who wants to replace the strategy of Michael Saylor, earlier Microstrategy, to become a “better vehicle” for investors looking for “Bitcoin’s capital exhibition.”
The company is one of the many companies buying Bitcoin, but it promises to be “pure art” for investors looking for bitcoin exhibitions with bitcoins native operations and greater flexibility of strategic capital increases.
Twenty -one said that his key measure of success will be Bitcoin for the action, not a established profit rate per share, because it will prioritize to buy Bitcoins over profit.
Related: Nakamoto Holdings connects with kindness to build the Bitcoin treasure
Twenty -one strives to reach 42,000 bitcoins until it is started. Earlier applications have shown that 23,950 Bitcoins are expected from Tether, 10,500 bitcoins from Softbank and about 7000 bitcoins from Bitfinex, which will be transformed into capital of 10 USD per share.
Cantor Equity Partners’ (CEP) The price of shares increased from USD 10.65 to USD 59.73 on May 2, but since then it has dropped to USD 29.84, Google Finance data can be seen. The flail increased by another 5.2% after hours after the last purchase.
Warehouse: Crypto wanted to overthrow the banks, now they are becoming stablein’s fight
