Twenty One Capital Acquires 5,800 BTC Ahead of SPAC Listing
Twenty One Capital will complete a Bitcoin acquisition of 5,800 BTC from Tether at an average cost of $87,280 per coin. This deal boosts its Bitcoin treasury to 43,500 BTC and reinforces its ranking as the third-largest corporate holder. The acquisition is tied to a SPAC listing merger with Cantor Equity Partners (Nasdaq: CEP), with shares to trade under ticker XXI. The firm will launch a new Bitcoin Per Share (BPS) metric, replacing EPS at roughly 12,559 satoshis per share. All holdings will be held on-chain with real-time proof of reserves. Major backers include Tether, Bitfinex and SoftBank, offering transparent Bitcoin exposure without traditional liabilities.
Bullish
This large Bitcoin acquisition signals strong institutional demand and reduces available supply, supporting positive price momentum. The SPAC listing under ticker XXI and introduction of the BPS metric lower barriers for investor access and increase transparency through on-chain proof of reserves. In the short term, the deal may drive buying interest and sentiment. Over the long term, it underscores sustained corporate adoption and could anchor Bitcoin’s value floor, reinforcing bullish market dynamics.