Cantor Equity shares rally as retail investors cheer crypto venture
By Niket Nishant
Shares of blank-check firm Cantor Equity Partners CEP.O soared 42% on Friday, extending a scorching rally from the previous session as retail investors flocked to the stock.
Over 2,200 users on Stocktwits.com, a social media platform for retail investors, added the stock to their watchlist after the company announced a $3.6 billion crypto venture on Wednesday.
The venture, Twenty One Capital, aims to be a publicly traded bitcoin-holding company that lets investors gain exposure to the cryptocurrency without directly owning it.
Once a niche idea, bitcoin-holding firms have gained traction after the exponential growth of Michael Saylor’s Strategy MSTR.O, whose shares have jumped 27-fold since the companypivoted to bitcoin…
