Cantor Equity Partners Invests $458 Million in Bitcoin!

14 May 2025 at 07: 19

Reading time: 2 minutes

Cantor Equity Partners (CEP) has completed an impressive $458,7 million acquisition of bitcoin announced, as part of its pending merger with Twenty One Capital, a bitcoin-focused investment vehicle backed by Tether, Bitfinex and SoftBank, the company said in an official document on Tuesday.

Complex business combination

The transaction is made up of a complex combination of companies, involving Tether Investments, the Salvadoran branch of stablecoin issuer Tether, and iFinex, the parent company of Bitfinex. Under this deal, Tether has acquired approximately 4.812 BTC purchased at an average price of $95.319. These tokens are essentially held in escrow and will later be sold to the merging company.

Blockchain Insights

Blockchain data reveals that the escrow wallet, as stated in the document, received the tokens from a Bitfinex hot wallet on May 9. Based on current prices, the value of the bitcoin held in this wallet is estimated to be as much as $500 million.

New investment pioneers

Twenty One Capital is being set up by Brandon Lutnick, the son of US Commerce Secretary and Cantor Fitzgerald Chairman Howard Lutnick, through a SPAC structure with the help of Cantor Equity Partners. The company will be led by Jack Mallers, CEO of Strike, and will be majority owned by Tether and iFinex. SoftBank will take a significant minority stake, the companies involved said.

Expected launch

The company’s ambitious plan includes a supply of over 42.000 BTC at launch, which shows that the company is confidently entering the market and believes in the growth of bitcoin.

CEP shares rose 3,7% in after-hours trading, underscoring investor confidence in these new developments.

Frequently Asked Questions

What is Tether's involvement in this transaction?
Tether has purchased approximately 4.812 BTC as part of the merger, which will later be sold to the new company.

Who is the founder of Twenty One Capital?
Brandon Lutnick, Howard Lutnick's son, is the founder and leads the project.

What is the purpose of the merger between CEP and Twenty One Capital?
The merger aims to gain a strong foothold in bitcoin investments by acquiring a significant amount of BTC, thereby boosting the growth of the new company.

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