The shares of Cantor Equity Partners (CEP) jumped by 55% on Tuesday and increased by an additional 15% in pre-commercial exchanges, negotiating below $ 19.
The movement to the sky was motivated by the optimism of investors around its merger proposed with a native investment vehicle of 21 capital A. Bitcoin (BTC) supported by Tether, Bitfinex and Softbank.
Directed by the CEO of Strike Jack Malers and Brandon Lutnick, twenty one capital is positioned as a public proxy for Bitcoin, potentially containing more than 42,000 BTC to launch and introducing measures like Bitcoin by Action (BPS) and Bitcoin Return Rate (BRR) to measure the value of shareholders in BTC.
According to the latest pro formal property tables, Tether will control 42.8% of equity and 51.7% of voting power, while Bitfinex and Softbank hold 16.0% and 24.0% of the company, after the convert. Public SPAC shareholders will only keep 2.7% of ownership, highlighting the extreme but significant dilution up if the BTC increases.
The BTC negotiating nearly $ 94,000 and the entity holding nearly $ 4 billion in exposure to the BTC, investors re -evaluate CEP as a high effect bet on the institutional adoption of Bitcoin. The stock should reflect under the “XXI” tickr once the merger is finalized.
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