other_material
confidence high
sentiment neutral
materiality 0.55
Tether buys ~1,381 BTC for $147.5M at $106,794 avg; CEP files draft S-4 for Twenty One deal
Cantor Equity Partners, Inc.
- Tether purchased 1,381.15799423 Bitcoin for ~$147.5M at average price $106,794.44.
- Net proceeds from June $165M equity PIPE ($21.00/share) funded the Bitcoin purchase.
- At business combination close, Twenty One Capital (Pubco) will buy the Bitcoin from Tether at cost.
- Pubco and Twenty One confidentially filed draft S-4 registration statement on July 10, 2025.
- Upon deal close, Twenty One expects to trade on Nasdaq under ticker "XXI".
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