Latest news with #CantorEquityPartners
Yahoo
29-05-2025
- Business
- Yahoo
Bitcoin Treasury Firm Twenty One Capital Brings Total Fundraise to $685M
Bitcoin BTC treasury firm Twenty One has raised an additional $100 million through convertible senior secured notes, pushing its total capital raised to $685 million as it advances toward a planned merger with Nasdaq-listed Cantor Equity Partners (CEP), a Thursday filing with the U.S. Securities and Exchange Commission shows. The fresh financing comes from existing investors and sponsors who exercised their option to buy more of the notes, originally granted during the April fundraising round, the regulatory filing said. The new notes carry a 1% coupon and are due in 2030. The $100 million boost adds to the $385 million initially committed, bringing the total note financing to $485 million. That's on top of $200 million in private investment in public equity (PIPE) disclosed last month. CEP is lower by 1.5% in morning U.S. trade as bitcoin slips below $107,000. Twenty One is the latest example of firms with a crypto treasury strategy, following Michael Saylor's Startegy (MSTR). The firm is being launched by Brandon Lutnick—the son of U.S. Commerce Secretary and former Cantor Fitzgerald chairman Howard Lutnick—via a a special-purpose acquisition company (SPAC) structure using Cantor Equity Partners. Owners include iFinex—the parent company of Bitfinex—and Tether, the issuer of the $150 billion USDT. The company will be led by Strike CEO Jack Mallers. The company recently disclosed a $458 million BTC acquisition earlier this month. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
eToro Goes Public at $52 a Share
Stock and crypto trading platform eToro debuted at $52 a share on the Nasdaq exchange on Tuesday. Cantor Equity Partners disclosed a $459 million bitcoin acquisition and Robinhood is acquiring Canadian crypto firm WonderFi for $179 million. CoinDesk's Christine Lee presents "CoinDesk Daily." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Cantor Equity Partners Discloses $458M Bitcoin Acquisition
Cantor Equity Partners (CEP) disclosed a $458.7 million bitcoin BTC acquisition as part of a pending merger with Twenty One Capital, the BTC-focused investment vehicle backed by Tether, Bitfinex, and SoftBank, according to a regulatory filing on Tuesday. The transaction is structured through a complex business combination involving Tether Investments, the El Salvador affiliate of stablecoin issuer Tether, and iFinex, the parent company of Bitfinex, the filing shows. As part of the deal, Tether purchased some 4,812 BTC at an average price of $95,319, with the tokens held in escrow and later to be sold to the merged company. Blockchain data shows that the escrow wallet, disclosed in the filing, received the tokens from a Bitfinex hot wallet on May 9. The wallet's bitcoin holdings are worth $500 million at current prices, according to Arkham data. Twenty One Capital is being launched by Brandon Lutnick—the son of U.S. Commerce Secretary and Cantor Fitzgerald chairman Howard Lutnick—via a SPAC structure using Cantor Equity Partners. The company will be led by Strike CEO Jack Mallers and majority-owned by Tether and Bitfinex's parent company, iFinex. SoftBank will take a significant minority stake, the companies said The company said it plans to have more than 42,000 BTC at launch. CEP shares are higher by 3.7% in after hours in to access your portfolio
Bloomberg
07-05-2025
- Business
- Bloomberg
Raising Debt to Buy Crypto Doesn't Work as Well as It Used To
The success of Michael Saylor's fundraising playbook for Strategy is causing trouble for its imitators, as the market for the convertible bonds they are using to fund Bitcoin buys is getting tighter — and a rival with heavyweight backers is about to start pumping out its own paper. Twenty One Capital Inc., a Bitcoin treasury firm that counts stablecoin issuer Tether Holdings SA and SoftBank Group Corp. among its investors, plans to issue convertible bonds once it closes its merger with blank-check firm Cantor Equity Partners Inc., and will launch with more than 42,000 Bitcoin, worth roughly $4 billion at current prices. The company even included a term sheet for the convertibles in its investor presentation.
The Market Online
05-05-2025
- Business
- The Market Online
Rich TV Live's Stocks to Watch this week (May 2, 2025)
Richard De Sousa of the Rich TV Live podcast serves up his latest Stocks to Watch, exclusively for Stockhouse. De Sousa comments on his conviction in Cantor Equity Partners (NASDAQ:CEP), New Gold (TSX:NGD), Coinbase (NASDAQ:COIN), Arm Holdings (NASDAQ:ARM) and more in this week's Rich TV Live Stocks to Watch. Check out the video above to learn what stocks you should add to your watchlist in 2025 and consider investing in. Join the discussion: Head over to the Bullboards at Stockhouse's stock forums and message boards to share your view and hear what everyone is saying about these and other stocks. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
