Introduction
Twenty One Capital, Inc. ("Twenty One"), a groundbreaking Bitcoin-native company, has announced a definitive business combination agreement with Cantor Equity Partners, Inc. (Nasdaq: CEP). Backed by Tether (the world’s largest stablecoin issuer) and SoftBank Group, Twenty One is set to launch with over 42,000 Bitcoin—positioning it as the third-largest Bitcoin treasury globally.
Co-founded by Jack Mallers (CEO of Strike), Twenty One aims to redefine corporate success metrics through Bitcoin Per Share (BPS) and Bitcoin Return Rate (BRR), prioritizing Bitcoin accumulation over traditional fiat-denominated performance.
Key Highlights
1. Business Combination & Funding
- Transaction Structure: SPAC merger with Cantor Equity Partners, valuing Twenty One at $3.6 billion** (based on Bitcoin’s 10-day average price of **$84,863.57).
Funding Raised: $585 million via:
- $385M convertible senior secured notes.
- $200M common equity PIPE financing.
- Bitcoin Treasury: Initial holdings exceed 42,000 BTC, with plans to grow through strategic acquisitions.
2. Leadership & Vision
- Jack Mallers, CEO: "We’re building a public stock by Bitcoiners, for Bitcoiners—to create a new market anchored in Bitcoin’s value."
- Paolo Ardoino (Tether CEO): Emphasized Bitcoin’s role as a decentralized store of value and Twenty One’s mission to accelerate adoption.
3. Innovative Metrics
Twenty One introduces:
- Bitcoin Per Share (BPS): Measures shareholder ownership in BTC, not fiat.
- Bitcoin Return Rate (BRR): Tracks BPS growth over time.
4. Future Roadmap
- Bitcoin-Native Products: Develop financial tools like lending models and capital market instruments.
- Content & Advocacy: Produce Bitcoin-focused media to drive education and adoption.
Transaction Details
- Ticker Symbol: "XXI" post-merger (Nasdaq).
- Timeline: Subject to shareholder approval and SEC filings.
- Investor Resources: Full details available via SEC filings.
👉 Explore Bitcoin’s future with Twenty One
FAQs
Q1: How does Twenty One differ from other Bitcoin investment vehicles?
A: Unlike ETFs or trusts, Twenty One is an operating company with active Bitcoin accumulation strategies and plans to build financial products.
Q2: What’s the significance of Bitcoin Per Share (BPS)?
A: BPS reflects direct Bitcoin ownership per share, aligning success with BTC’s value rather than traditional earnings.
Q3: How will the PIPE funding be used?
A: Proceeds will purchase additional Bitcoin and fund corporate operations.
Q4: Who are Twenty One’s major backers?
A: Tether, SoftBank Group, and Bitfinex hold majority/minority stakes.
👉 Discover how Twenty One is reshaping finance
About the Partners
Tether
Pioneer in stablecoin technology, supporting Bitcoin’s infrastructure and adoption.
SoftBank Group
Global investor in AI, robotics, and blockchain innovations.
Cantor Equity Partners
SPAC facilitating mergers with high-growth tech and financial ventures.
Forward-Looking Statements
This release contains projections subject to risks, including Bitcoin’s volatility, regulatory changes, and merger completion. Detailed risks are outlined in SEC filings.
Media Contacts:
- Twenty One: [[email protected]](mailto:[email protected])
- Cantor Fitzgerald: Erica Chase [[email protected]](mailto:[email protected])