Bitcoin
The Treasury company Twenty One has collected another $ 100 million through convertible senior-proof notes, pushing its total capital collected to $ 685 million as it goes on to a planned fusion with NASDAQ-listed Cantor Equity Partners (CEP), a Thursday archiving to US Securities and Exchange Commission shows.
The fresh financing comes from existing investors and sponsors who practiced their opportunity to buy several of the notes originally awarded during the April -fundraising round, the regulatory archiving said.
The new notes have a 1% coupon and due in 2030. BOOST of $ 100 million adds the $ 385 million, which was originally obliged, bringing the total note financing to $ 485 million. It’s at the top of $ 200 million in private investment in public equity (PIPE) that was revealed last month.
CEP is lower by 1.5% in US trade as Bitcoin slides below $ 107,000.
Twenty One is the latest example of companies with a crypto state box -strategy after Michael Saylor’s Startegy (MSTR). The company is launched by the Brandon Lutnick son to US Trade Secretary and former Cantor Fitzgerald chairman Howard Lutnick-Via AA Special-Purpose Acquisition Company (SPAC) structure using Cantor Equity Partners. Owners include Ifinex – the parent company of BitFinex – and Tether, the USDT of $ 150 billion. The company will be led by Strike CEO Jack Malers.
The company recently revealed a $ 458 million BTC acquisition earlier this month.
