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TWENTY ONE increased its holdings by 4812 BTC

2025-05-13 23:39

Odaily News The Bitcoin-focused public company announced the purchase of 4,812 BTC ($458.7 million) through TETHER, at an average price of $95,300. Investment firm Cantor Equity Partners previously announced plans to form "Twenty One" through a SPAC merger. This will become a Bitcoin-focused public company with an initial reserve of more than 42,000 Bitcoins - worth more than $3.9 billion at current prices, with financial support from Tether, Bitfinex, and investment firms Cantor Fitzgerald and SoftBank Group. The company, headed by Brandon Lutnick, son of the U.S. Secretary of Commerce, plans to not only hoard Bitcoin (giving investors exposure to the asset without actually holding it), but will also provide Bitcoin-related financial services and create a cryptocurrency content and media platform.