New Crypto to Follow Bitcoin as 21Capital Establishes $3.9B $BTC Treasury, Swiss Central Bank Weighs $BTC National Reserve — TradingView News
After the news of Cantor Fitzgerald’s partnership with SoftBank and Tether, the shares of Cantor Equity Partners (CEP) saw a steep 134% increase.
Cantor, the legacy investment firm, is now foraying into Bitcoin by establishing a new venture called Twenty One Capital, which is expected to raise around $3B worth of $BTC from its partners.
This includes $1.5M from Tether, $900M from SoftBank, and $600M from Bitfinex. These figures were quoted at a valuation of $85K per $BTC, but the token has climbed since then, putting the total valuation at around $3.9B.
It’s worth noting that CEP is just a blank check company that will oversee and help the formation of Twenty One Capital, which will be a publicly traded entity.
Another Bitcoin fund is…
