Twenty One Capital Merges with Cantor Equity Partners – Coincu

Twenty One Capital, backed by Tether, Bitfinex, and SoftBank, announces a merger with Cantor Equity Partners and plans to list on Nasdaq. Its mission includes increasing Bitcoin holdings and offering direct Bitcoin exposure to investors.

This merger, valued at 3.60 billion USD, signifies growing institutional adoption and direct engagement in the Bitcoin market.

Merger Positions Firm as Third-Largest Bitcoin Holder

Twenty One Capital, Inc., recently merged with Cantor Equity Partners, Inc., aims to establish itself as a premier Bitcoin-focused investment firm. The newly amalgamated entity has drawn significant backing from prominent industry players, including Tether and Bitfinex. As part of the merger, Twenty One has successfully raised 585 million USD through convertible notes and equity financing to bolster its Bitcoin holdings.

Upon the merger’s completion, the firm will hold nearly 42,000 Bitcoins, positioning it as the third-largest reserve globally. This move illustrates a strategic push to capitalize on Bitcoin’s growing financial significance.

Our mission is simple: to become the most successful company in Bitcoin, the most valuable financial opportunity of our time… — Jack Mallers, CEO, Twenty One Capital, Inc.

Market observers have responded positively, equating the firm’s approach to MicroStrategy’s previous strategic maneuvers. Mallers emphasized creating a new market model focused on Bitcoin rather than traditional metrics, noting that the company isn’t merely tracking Bitcoin’s price but actively accumulating it to enhance shareholder value. There has yet to be any significant feedback from regulatory authorities on this merger.

Bitcoin Reserve Strategy Amidst Market Trends

Did you know? Twenty One’s planned Bitcoin acquisition underlines a trend initiated by firms like MicroStrategy, emphasizing Bitcoin as a dependable reserve asset and further driving institutional interest.

According to CoinMarketCap, Bitcoin (BTC) is valued at 92,653.35 USD, contributing to a 1.84 trillion USD market cap with a 63.55% dominance. Notably, trading volume decreased by 29.50%, with a price drop of 0.73% over 24 hours but a week-long rise of 10.19%. Data as of April 24, 2025.

The Coincu research team indicated that Twenty One Capital’s strategic focus on Bitcoin per share increases creates potential regulatory scrutiny. However, they posit that its Bitcoin-native model may offer significant long-term growth, reinforcing Bitcoin’s viability as a primary reserve asset. Moreover, this could influence other firms to align their reserves similarly.