Cantor Equity Ignites as Wall Street Eyes Bold Bitcoin Bet via SPAC Deal
Cantor Equity Partners (CEP) is riding a wave of investor enthusiasm, rocketing 55% on Tuesday and gaining further traction in pre-market trading, as momentum builds around its anticipated merger with Twenty One Capital — a new Bitcoin juggernaut in the making.
The market frenzy is being fueled by the promise of Twenty One Capital, a BTC-native holding company backed by Tether, Bitfinex, and SoftBank. At its core: over 42,000 bitcoins on the balance sheet and a mission to be the definitive public gateway to Bitcoin exposure.
Helmed by Strike’s Jack Mallers and Brandon Lutnick, the firm is breaking new ground with a fresh financial playbook — introducing metrics like Bitcoin Per Share (BPS) and Bitcoin Return Rate (BRR), redefining how value is tracked and shared with shareholders.
The structure is bold. Tether will wield 42.8% equity and 51.7% of the voting power, while Bitfinex and SoftBank take 16% and 24% stakes respectively. SPAC investors will be left with a slim 2.7% slice — a stark dilution, but one that comes with a highly leveraged upside if Bitcoin continues its run.
With BTC hovering near $94,000, the merged company — set to rebrand under ticker “XXI” — is already being viewed as the next big public proxy for institutional Bitcoin exposure.
