Twenty One Capital Invests $458 Million in Bitcoin Ahead of SPAC Merger

Investment firm Twenty One Capital has acquired 4,812 Bitcoin worth $458.7 million as part of a strategic investment ahead of its upcoming Special Purpose Acquisition Company (SPAC) merger with Cantor Equity Partners. This move bolsters their overall Bitcoin holdings to over 36,000 BTC, aiming for an eventual target of 42,000 after the public listing under ticker XXI. The acquisition was facilitated through a private investment in public equity (PIPE) deal with Tether and other firms.