According to the announcement, twenty one and cep have lined up $585 million in new funding concurrent with the merger, comprising $385 million in convertible senior notes and $200 million in a pipe (private investment in public equity). Xxi is a publicly traded company They are reported to hold 43,514 btc on their balance sheet. Backed by tether and softbank, twenty one capital, led by strike ceo jack mallers, will go public via a spac deal and launch with one of the largest bitcoin treasuries in the world. The merger adds funding to a company aimed. Good to know twenty one capital will launch with 42,000 bitcoin, backed by tether, softbank, and bitfinex
It could be bullish for bitcoin by increasing institutional exposure and infrastructure The firm plans a nasdaq listing under the ticker xxi through a merger with cantor equity partners.
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