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Today, Cantor Equity Partners, Inc. disclosed in a fresh submission to the SEC that Tether acquired 4,812.2 Bitcoin for a sum of $458.7 million on behalf of Jack Mallers’ newly established Bitcoin treasury firm, Twenty One Capital, which aims to eventually go public under the ticker $XXI.
“In accordance with the Business Combination Agreement, Tether consented that within ten (10) business days from then, it would procure a quantity of Bitcoin equal to a total purchase price of $458,700,000,” Cantor noted in the submission. “With the Convertible Notes PIPE, signed on April 22, 2025 by Pubco and the Company with certain investors, minus a holdback amount of $52,000,000), and deposit such Bitcoin in a digital wallet maintained or managed by or on behalf of Tether.
Tether is storing the Bitcoin in a digital wallet, which anyone can check the holdings online here, displaying enhanced transparency into their assets akin to how some spot Bitcoin ETF issuers and other public firms, like Bitwise and Metaplanet, have managed their holdings.
“The Initial PIPE Bitcoin will be transferred by Tether to Pubco upon the completion of the transactions outlined by the Business Combination Agreement contingent upon the funding of the PIPE Investments by the PIPE Investors for a purchase price of $458,700,000,” the submission additionally mentioned.
Cantor Equity Partners Inc., presently trading under the ticker CEP, is actively present in the markets as it progresses toward finalizing its merger with Twenty One Capital. CEO Jack Mallers recently underscored the firm’s proactive Bitcoin acquisition approach, asserting: “We aim to raise as much capital as we can to obtain Bitcoin… We will ensure Bitcoin per share remains positive. At least that is our goal. Our aim is to guarantee that when you become a shareholder of Twenty One, you are becoming wealthier in Bitcoin terms.”
Upon its launch, the company will possess over 42,000 Bitcoin, instantly establishing it as one of the largest corporate holders of BTC globally—only behind industry behemoths like Strategy.
In a likewise recent interview, Jack Mallers articulated Twenty One Capital’s purpose clearly: “We aspire to be the premier conduit for the capital markets to engage in Bitcoin…building upon Bitcoin. Hence, we are fundamentally a Bitcoin enterprise. It’s our foundation, it’s in our name, it’s on our board, it’s within our leadership.”
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