Twenty One Capital Don Raise Bitcoin Treasury Reach 43,500 BTC Before SPAC Listing
Twenty One Capital, wey Cantor Fitzgerald pipo dem dey back, plus Tether, Bitfinex and SoftBank, don add their Bitcoin treasury reach over 43,500 BTC—wey pass their original target by 1,500 BTC—after dem knack 5,800 BTC from Tether at average price of $87,280 each (wey get value about $5.15 billion). Dem go come dey third for corporate Bitcoin treasuries. Before dem do SPAC merger with Cantor Equity Partners and SEC register Form S-4 wey dem file call “XXI,” the company go bring out Bitcoin Per Share (BPS) metric for clear, on-chain custody wey get real-time proof say reserve dey. This move show say more big big companies dey take Bitcoin serious and e mean market go get better run.
Bullish
Twenty One Capital dey collect plenty BTC—pass wetin people bin expect and dem rank third among corporate treasury dem—wey dey reduce how much BTC dey waka around and e show say di institutions believe well well inside. Dem get plan to list for SPAC, bring Bitcoin Per Share metric, on-chain custody and proof-of-reserves wey go make everything more transparent and people go trust am more. Short term, this one mean say demand dey high and e go help keep price steady; long term, e go strengthen institutional adoption trends, fit drive more money come inside and keep di bullish feeling for Bitcoin going.