other_material
confidence high
sentiment neutral
materiality 0.50
Tether buys 917.5 Bitcoin for $99.5M at ~$108k each in Cantor Equity SPAC deal
Cantor Equity Partners, Inc.
- Tether purchased 917.47360612 Bitcoin for $99.5M at avg price $108,449.99 per Bitcoin.
- Bitcoin will be sold to Pubco at closing of the business combination after convertible note PIPE funds.
- Convertible note investors exercised $100M option in full on May 22, 2025.
- Public wallet address provided at mempool.space for verification of the Bitcoin holdings.
item 8.01