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Cantor Equity Partners, Inc. Class A ( (CEP) ) has issued an update.
On April 23, 2025, Cantor Equity Partners, Inc. announced a business combination with Twenty One Capital, Inc., a newly formed Bitcoin-native company. This transaction, backed by Tether and SoftBank Group, aims to create a public company focused on maximizing Bitcoin ownership per share, with plans to develop Bitcoin-native financial products. The combination will result in Twenty One being majority-owned by Tether and Bitfinex, with significant minority ownership by SoftBank. The transaction is expected to provide approximately $540 million in proceeds to Twenty One, which will be used to purchase Bitcoin and for general corporate purposes. This move positions Twenty One as a significant player in the Bitcoin market, with over 42,000 Bitcoin, making it the third-largest Bitcoin treasury globally. The transaction values Twenty One at a pro-forma enterprise value of $3.6 billion, based on a Bitcoin spot price of $84,863.57 as of April 21, 2025.
More about Cantor Equity Partners, Inc. Class A
Cantor Equity Partners, Inc. is a special-purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald, a leading global financial services and real estate services holding company. The company is involved in facilitating business combinations and investments, particularly in the financial and real estate sectors.
YTD Price Performance: 2.26%
Average Trading Volume: 20,084
Technical Sentiment Signal: Strong Sell
See more insights into CEP stock on TipRanks’ Stock Analysis page.