According to May 13, US Securities and Exchange Commission (SEC) filing dated 13 May, Tithi-supported bitcoin investment firm Twenty One Capital has acquired $ 4,812 BTC by $ 458.7 million. The transaction is part of a private investment in the public equity (pipe), associated with the ongoing spac merger of the firm with canter equity partners.
Buy this is a potential new all-time high between bitcoin price movements, with asset trading at the time of purchase with $ 103,540.
Twenty -one capital bitcoin acquisition associated with spac merger
The purchase was executed by StableCoin issuer tather, which on 9 May transferred the BTC to an Escro wallet. Bitcoin was later transferred to a wallet controlled by Tether, and would be sold to the public unit at $ 458.7 million.
it Transfer The canter is part of a pipe system associated with the company’s SPAC merger with equity partners. Once the merger is finalized, the company will trade under the Ticker XXI. Currently, it trades under CEP, and SPAC Wall Street Firm is supported by Cantor Fitzgerald.
The newly acquired BTC increases the total holdings of twenty one capital to 36,312 BTC. Out of this amount, 31,500 BTC company is organized by the Cantor Equity Partners, as revealed in the SEC filing.
Company status and ownership structure
The twenty capital is headed by Jack Molers, founder of BTC Payments App Strike. The firm has adopted the bitcoin-centric strategy in the same way Michael Siler’s strategyIn April, the firm told SEC that its purpose is to become a “better vehicle” for capital-skilled BTC exposure.
Tether and its sister are the majority owners of the company, Bitfinex, the company. Japanese investment group SoftBank has invested $ 900 million and has a minority stake. Cantor Fitzerld is both sponsor and advisor to the merger, and has gathered $ 585 million to fund future BTC purchases.
According to the filing, the company aims to reach 42,000 BTCs in total holdings at its public launch. The expected contribution includes 23,950 BTC from Tether, 10,500 BTC from SoftBank and 7,000 BTC from bitfine. These will be converted into equity to $ 10 per share.
Market reaction and business activity
Shares of Canter Equity Partners (CEP) experienced high volatility after the news of BTC purchase. On May 2, the stock price rose from $ 10.65 to $ 59.73, before it increased to $ 29.84. After the recent filing, the stock received another 5.2% in the hourly trading.
According to Bitcointreasuries.net, Twenty One Capital is now the third largest corporate holder in BTC, which is behind Microstrati (568,840 BTC) and Mara Holdings (48,237 BTC). The firm’s strategy is to measure performance using bitcoin per share instead of income per share.
Other firms are also increasing their risk, Japanese firm Metaplanet adding 1,271 BTC for $ 126.7 million on Monday.
The price of bitcoin is near the new all-time high
The purchase of twenty -one capital coincides with a strong upward trend in the price of bitcoin, which has increased to about $ 103,540. It keeps cryptocurrency within its previous all-time high limit. Market analysts are looking closely for a breakout.
Market Analyst, Michael Van de Pope, recently noted on X Consumer price index (CPI) data Showed inflation to be less than expected. He said, “Inflation is calming down … it will also indicate that the fed may reduce interest rates.” According to him, this atmosphere can create favorable conditions for a new ath on the front top of the crypto.
Another analyst is also mentioned on the ongoing correlation between Colintcrypto, BTC and global M2 money supply. He reported that the current cycle mirked the first seen pattern in the year when BTC rose from $ 76,000 to $ 105,000 between April 8 and near All-Time High at $ 109K between mid-May. They said that Bitcoin “is still right on the track With the Global M2, “and suggested that a breakout above $ 120,000 may be to set a new all-time high by the end of May.
Calvin Munene Murithi
Kelvin is a prestigious writer with specialization in Crypto and Finance, who holds a bachelor’s degree in Aquarius Science. Known for its obvious analysis and practical materials, they have a strong command of English and excellently in doing completely research and providing a cryptocurrency market updates on time.
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