Cantor Fitzgerald-Backed ‘Twenty One’ Launches Strategy Rival At $3 Billion Valuation
Posted On April 24, 2025
A new Bitcoin (CRYPTO: BTC)-centric public company, Twenty One, is set to launch through a SPAC merger with Cantor Equity Partners, bringing 42,000 Bitcoin under its control and targeting a $3.6 billion enterprise valuation.
The deal positions the firm as a major corporate holder of Bitcoin, comparable to Strategy (NASDAQ:MSTR), which currently leads public companies in Bitcoin reserves.
What Happened: The transaction, announced Wednesday, involves backing from Tether (CRYPTO: USDT), SoftBank Group and Jack Mallers, who will serve as CEO.
The structure will see Twenty One majority-owned by Tether and Bitfinex, with SoftBank holding a significant minority stake.
Once completed, the merger will make …
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