Twenty One Capital, a Bitcoin (BTC) treasury firm established by an affiliate of Cantor Fitzgerald, Tether Holdings, and SoftBank Group, is set to bolster its Bitcoin holdings significantly.
Upon completion of the business combination with Cantor Equity Partners (CEP), each share of Twenty One is anticipated to represent around 12,559 satoshis, the smallest unit of BTC.
Jack Mallers, Co-Founder and CEO of Twenty One, expressed his confidence in the company’s vision, stating:
We believe Bitcoin deserves a public company worthy of its ethos. With the partners, capital, team, and structure we’ve assembled, we feel like we can do anything, and we’re just getting started.
Following the closing of the business combination, Twenty One plans to maintain its Bitcoin holdings as part of a long-term treasury strategy. The firm has committed to a transparent custody model, ensuring that all BTC is verifiably held on-chain, with real-time proof of reserves available for public scrutiny.
Bitcoin represents more than just a financial asset; it’s a foundational protocol for freedom, transparency, and resilience. Twenty One captures that ethos in corporate form.
The business combination between Twenty One and CEP, a special-purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald, is nearing completion, pending customary closing conditions and shareholder approval.
As part of its preparations for the public market, Twenty One has submitted a draft registration statement on Form S-4 to the US Securities and Exchange Commission (SEC) and is seeking to trade under the ticker symbol “XXI.”
Featured image from DALL-E, chart from TradingView.com
