Strategy's (MSTR) New Rival Twenty One Is 'Incrementally Bullish' Signal, Wall Street Analyst Says

Strategy's (MSTR) New Rival Twenty One Is 'Incrementally Bullish' Signal, Wall Street Analyst Says

TD Cowen says launch of Twenty One could shift institutional sentiment and validate MSTR’s long-term bitcoin strategy.

Twenty One says it can be “superior” bitcoin vehicle than Strategy

The Tether- and Cantor-backed new company led by Jack Mallers isn’t trying to be a copy of Michael Saylor’s firm....

How Tether-backed Twenty One plans to rival MicroStrategy

How Tether-backed Twenty One plans to rival MicroStrategy US Commerce Secretary Lutnick’s son, Brandon Lutnick, overtook his father’s asset management company, Cantor Fitzgerald, when his father accepted President Donald Trump’s cabinet appointment. This week, Brandon announced a new competitor to MicroStrategy, Twenty One, led by Tether. Cantor is a major player in the crypto industry because it manages many of the bonds backing Tether’s USDT s…

Cantor Fitzgerald, Tether & SoftBank: $3.6 billion to challenge MicroStrategy Cantor Fitzgerald, Tether and SoftBank are partnering to launch Twenty One Capital, a bitcoin build-up vehicle for... The post Cantor Fitzgerald, Tether & SoftBank: $3.6 billion to challenge MicroStrategy appeared first on World News.

CoinStats - Cantor SPAC soars after launch of $3.9bn Soft...

Shares of Cantor Equity Partners, the so-called blank-cheque vehicle that launched in January, soared just a day after announcing it will merge to become the Bitcoin-acquiring new firm Twenty One.CEP jumped 34% in New York trading to $22.23. That’s up sharply from its closing price of $10.62 on Tuesday.Shares in Michael Saylor’s Strategy — which Twenty One is both copying and competing against, fell slightly, by 0.1% to $345.33.Twenty One is a v…

Cantor Agrees to $3.6 Billion SPAC Deal With Crypto Company Twenty One

By Katherine Hamilton Bitcoin company Twenty One Capital has agreed to go public through a $3.6 billion deal with special-purpose acquisition company Cantor Equity Partners. The merger adds funding to a company aimed at accumulating and growing ownership of bitcoin. Twenty One, which is backed by Tether and SoftBank, expects to launch with more than 42,000 bitcoin, which would make it the third-largest bitcoin treasury in the world, it said. …