The actions of Cantor Equity Partners (CEP) increased 55% on Tuesday and have an additional 15% in the previous negotiation, which are negotiated below $ 19.
The movement towards the sky was driven by the optimism of investors around its proposed fusion with twenty -one capital a Bitcoin native investment vehicle (BTC) backed by Tether, Bitfinex and Softbank.
Directed by the CEO of Strike, Jack Mallers and Brandon Lutnick, twenty -one capital is positioned as a public proxy for Bitcoin, potentially they have more than 42,000 BTC in the launch and introducing metrics such as Bitcoin per action (BPS) and the Bitcoin Return Rate (BRR) to measure the value of the shareholders in terms of BTC.
According to the latest pro -form property tables, Tether will control 42.8% of the heritage and 51.7% of the vote power, while Bitfinex and Softbank have 16.0% and 24.0% of the company, respectively, after the convert. The Public Shareholders of SPAC will retain only 2.7% property, underlining extreme dilution but a significant rise if BTC increases.
With the BTC trade about $ 94,000, and the entity that has almost $ 4B in exposure to BTC, investors are re -classified as a high leverage commitment in the institutional adoption of Bitcoins. The stock is configured to return to the list under the “XXI” ticket once the merger is finished.
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