Cantor Equity Partners Shares Nearly Double: What’s Going On?
Posted On April 24, 2025
Cantor Equity Partners Inc. (NASDAQ:CEP) were trading higher Thursday following news that the company will merge with a newly formed Bitcoin-focused entity called Twenty One.
What To Know: The deal, announced on April 24, 2025, values the new venture at $3.6 billion and positions it as the third-largest public holder of Bitcoin globally, after MicroStrategy and Tether.
The transaction is backed by major crypto and tech players including Tether, SoftBank Group and Jack Mallers, who will serve as CEO of Twenty One. Tether and Bitfinex will retain majority ownership, while SoftBank will hold a substantial …
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