Twenty One Capital’s Bitcoin Holdings Surge

Twenty One Capital's Bitcoin Holdings Surge

Twenty One Capital, a publicly traded company, has seen its holdings of Bitcoin (BTC) rise to third place among corporate holders. According to data from CoinDesk, the company now holds 36,312 BTC. This ranking follows behind MicroStrategy and MARA.

Recent Developments

  • The increase in Twenty One Capital’s holdings is attributed to a recent transfer of 4,812 BTC from Tether.
  • This transfer was part of a $458.7 million Private Investment in Public Equity (PIPE) deal tied to a Special Purpose Acquisition Company (SPAC) merger.

Market Impact

The news of the BTC purchase sent CEP shares soaring over 460%, rising from $10.65 at the close on March 24th to $29.84 by market close on April 6th.

Future Plans

However, no further information is available on Twenty One Capital’s plans for its newly acquired assets or how this move may impact the company’s future operations and financial decisions. In response to inquiries, Twenty One Capital officials stated that "no further information is available."

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