Twenty-One Capital Inc. to Go Public Via SPAC Merger with Cantor Equity Partners
Twenty-One Capital Inc. is set to become a publicly traded company through a merger with Cantor Equity Partners, a special-purpose acquisition company (SPAC) sponsored by Cantor fitzgerald.Cantor Fitzgerald, a financial firm formerly led by U.S. Commerce Secretary Howard Lutnick and now managed by his son, Brandon, also serves as the primary custodian for the reserves backing Tether, the stablecoin company that will hold a majority ownership in Twenty-One post-merger. The companies have confidentially filed with the Securities and Exchange Commission (SEC) for their public listing, though a definitive launch date remains undisclosed.
The move comes as Bitcoin treasury strategies gain traction, positioning Twenty-One to compete with established players like microstrategy, which recently rebranded to Strategy.Michael Saylor, founder of MicroStrategy, has been a prominent advocate for holding Bitcoin on corporate balance sheets. Twenty-One,however,aims to differentiate itself as a pure-play Bitcoin company,with founder Michael Saylor emphasizing its unique approach and founding team. “We view Twenty-One as ‘bitcoin has arrived on Wall Street,'” saylor stated in a recent interview with Fortune, contrasting it with the prevailing narrative of Wall street entering the Bitcoin space.
The full interview with Michael Saylor is available via the embedded vodcast and on major podcast platforms including Spotify and Apple, and also YouTube.
For further insights into the cryptocurrency landscape,Fortune offers a extensive “Crypto Crash Course” with accessible lesson cards.