Markets, Bitcoin, Jack Mallers, News Investors flock to Cantor Equity Partners forward of its potential merger with Twenty One Capital.
Shares of Cantor Equity Partners (CEP) surged 55% on Tuesday and are up a further 15% in pre-market buying and selling, buying and selling under $19.
The skyward motion was pushed by investor optimism round its proposed merger with Twenty One Capital a bitcoin (BTC) native funding automobile backed by Tether, Bitfinex, and SoftBank.
Led by Strike CEO Jack Mallers and Brandon Lutnick, Twenty One Capital is being positioned as a public proxy for bitcoin, probably holding over 42,000 BTC at launch and introducing metrics like Bitcoin Per Share (BPS) and Bitcoin Return Rate (BRR) to measure shareholder worth in BTC phrases.
According to the most recent professional forma possession tables, Tether will management 42.8% of fairness and 51.7% of voting energy, whereas Bitfinex and SoftBank maintain 16.0% and 24.0% of the corporate respectively, post-convert. Public SPAC shareholders will retain simply 2.7% possession, underscoring the intense dilution however important upside if BTC rises.
With BTC buying and selling close to $94,000, and the entity holding practically $4B in BTC publicity, buyers are re-rating CEP as a high-leverage guess on institutional bitcoin adoption. The inventory is about to re-list beneath ticker “XXI” as soon as the merger is finalized.
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