Twenty One, a Bitcoin-centric company, is being launched through a SPAC merger with backing from Tether, Bitfinex, Cantor Fitzgerald, and SoftBank. The company aims to start with a treasury of over 42,000 BTC, valued at approximately $3.9 billion. Tether and Bitfinex will hold majority ownership, while SoftBank retains a minority stake. The launch will occur through a merger with Cantor Equity Partners, which trades on the Nasdaq under the ticker CEP.
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