Cantor Equity Partners (CEP) has announced a significant acquisition of approximately $458.7 million in Bitcoin as part of its impending merger with Twenty One Capital. This merger involves a collaboration with major entities like Tether, Bitfinex, and SoftBank.
The deal, outlined in a recent regulatory filing, involves a structured business combination with Tether Investments, which is linked to the El Salvador affiliate of Tether. According to the filing, Tether has acquired around 4,812 BTC at an average price of $95,319 per Bitcoin, with these assets currently held in escrow. The acquired Bitcoin will ultimately be transferred to the merged entity once the transaction is finalized.
On May 9, blockchain data revealed that the escrow wallet received the Bitcoin from a Bitfinex hot wallet, and its current holdings amount to approximately $500 million based on market prices.
The merger is being spearheaded by Brandon Lutnick, whose father chairs Cantor Fitzgerald and serves as U.S. Commerce Secretary. The new venture will be managed by Jack Mallers, the CEO of Strike, and is primarily backed by Tether and iFinex, the parent organization of Bitfinex, with SoftBank maintaining a substantial minority stake.
With this acquisition, CEP aims to hold over 42,000 BTC at its official launch, and the company’s shares increased by 3.7% in after-hours trading.
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