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Twenty One Capital Inc. announces a major business move with its merger with Cantor Equity Partners Inc. a SPAC backed by Cantor Fitzgerald. The newly formed entity will be led by Bitcoin enthusiast Jack Mallers as CEO and is expected to launch with a massive reserve of over 42,000 Bitcoin positioning it as a powerhouse in Bitcoin advocacy and investment.
The partnership aims to leverage major financial muscle with significant funding including $385 million in convertible notes and $200 million in equity financing. This financial injection is earmarked for expanding Bitcoin holdings and general corporate needs underlining Twenty One’s strategy to optimize Bitcoin ownership per share.
Backed by industry giants Tether and SoftBank Group the venture is set to reshape the financial landscape with Bitcoin at its core. With innovative Bitcoin-native financial products on the horizon Twenty One is not just participating in the market—it’s aiming to redefine it.
