TechFlow, May 14 — According to The Block, Twenty One Capital, a bitcoin investment firm backed by Cantor Fitzgerald, Tether, and SoftBank, has purchased 4,812 bitcoins worth approximately $458.7 million.
Cantor Equity Partners previously announced plans to establish "Twenty One" via a SPAC merger. This would create a publicly traded company centered on bitcoin, with an initial reserve of over 42,000 bitcoins—worth more than $3.9 billion at current prices. Led by Brandon Lutnick, son of the U.S. Secretary of Commerce, the company not only plans to accumulate bitcoin (allowing investors exposure to the asset without holding it directly), but will also offer bitcoin-related financial services and launch a cryptocurrency content and media platform.
