Cantor Equity Partners Stock Price Soars on Bitcoin Trading Strategy
Move over Strategy. There’s a new bitcoin investment vehicle on Wall Street that is luring investors.
Cantor Equity Partners, a SPAC that recently struck a deal to merge with crypto firm Twenty One Capital, has seen its stock price soar as much as 462% since it announced the merger on April 22.
The rally continued on Thursday, with shares soaring as much as 42% as bitcoin edged up toward the $100,000 level.
Twenty One Capital is backed by stablecoin issuer Tether, as well as Bitfinex and SoftBank Group.
The company strives to become a pure-play bitcoin holding company that increases its exposure to the cryptocurrency over time, similar to Michael Saylor’s Strategy.
In a recent investor presentation filed with the…
