Twenty One Capital Adds $458 Million in Bitcoin Through Strategic SPAC Merger

Investment firm Twenty One Capital has significantly expanded its Bitcoin holdings through a strategic acquisition, further cementing the institution’s position as a major player in the crypto world. On May 13, 2024, the company purchased 4,812 Bitcoin valued at approximately $458.7 million, according to SEC filings. This purchase coincides with the completion of its merger with Cantor Equity Partners via a Special Purpose Acquisition Company (SPAC) framework. The deal aligns with the company’s plans for public offering and emphasizes their commitment to long-term Bitcoin accumulation.