TechFlow news, July 30 — According to Cointelegraph, Twenty One Capital is planning to launch a dollar lending business using Bitcoin as collateral. The company currently holds approximately 43,500 bitcoins, 1,500 more than originally planned, worth about $5.13 billion at current prices. This includes around 5,800 bitcoins recently purchased from Tether.
Founded in April this year, the company has received backing from institutions including Cantor Fitzgerald, Tether, Bitfinex, and SoftBank. It plans to go public through a SPAC merger with Cantor Equity Partners.
Add to Favorites
Share to Social Media
