Cantor Equity Partners (CEP) revealed a Bitcoin of $ 458.7 million BTC$104,209.39 Acquisition as part of a pending fusion with twenty -one capital, the BTC -centered investment vehicle backed by Tether, Bitfinex and Softbank, according to a regulatory presentation on Tuesday.
The transaction is structured through a combination of complex businesses that involves Tether investments, the affiliate of El Salvador de Stablecoin Emier Tether and IFinex, the Bitfinex parent company, according to the presentation. As part of the agreement, Tether bought about 4,812 BTC at an average price of $ 95,319, with the tokens held in warranty and then they will be sold to the merged company.
Blockchain data shows that the wardrobe in guarantee, released in the presentation, received the tokens of a bitfinex wallet on May 9. Bitcoin’s holdings of the wallet are worth $ 500 million at current prices, according to Arkham data.
Brandon Lutnick, the son of the United States Secretary of Commerce, the United States Secretary of Commerce, and president of Cantor Fitzgerald, Howard Lutnick, via a SPAC structure that uses Cantor Equity Partners. The company will be directed by the CEO of Strike Jack Mallers and the majority of the parent company of Tether and Bitfinex, Ifinex. SoftBank will take a significant minority participation, companies said
The company said it plans to have more than 42,000 BTC at the launch.
CEP shares are higher by 3.7% in negotiation after hours.
Read more: Strike Ceo Mallers to direct Bitcoin Investment Company backed by Tether, SoftBank, Brandon Lutnick
