Cantor Equity Partners (CEP) revealed a bitcoin of $ 458.7 million BTC$104 345.20 The acquisition as part of a pending merger with twenty one capital, the BTC investment vehicle supported by Tether, Bitfinex and SoftBank, according to a regulatory file on Tuesday.
The transaction is structured thanks to a combination of complex companies involving investments by Tether, the subsidiary of El Salvador de Stablecoin Déstueer Tether, and Ifinex, the mother company of Bitfinex, according to the deposit. As part of the agreement, Tether bought some 4,812 BTC at an average price of $ 95,319, with chips held in receivership and later to be sold to the merged company.
Blockchain data show that the entire portfolio, disclosed in the deposit, received the tokens from a Bitfinex Hot portfolio on May 9. Bitcoin holdings of the portfolio are worth $ 500 million at current prices, according to Arkham data.
Twenty -one Capital is launched by Brandon Lutnick – The son of the American trade secretary and president of Cantor Fitzgerald, Howard Lungick – via a spac structure using Cantor Equity Partners. The company will be led by the CEO of Strike, Jack Mallers and belonging to the majority by the parent company of Tether and Bitfinex, Ifinex. Softbank will take a significant minority participation, companies said
The company said it was planning to have more than 42,000 BTCs at the launch.
CEP shares are 3.7% higher after negotiation hours.
Read more: Strike CEO Malers to direct Bitcoin Investment Company supported by Tether, SoftBank, Brandon Lardick
