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Cantor Equity Soars 11.9% on Bitcoin Merger Announcement

Mover TrackerFriday, Apr 25, 2025 4:10 am ET

1min read

On April 25, 2025, Cantor Equity surged by 11.9% in pre-market trading, marking a significant rise in its stock price.

Cantor Equity Partners, a special-purpose acquisition company (SPAC), has seen a substantial increase in its share price following the announcement of its merger with Twenty One, a Bitcoin-acquiring firm backed by SoftBank, Tether, and Bitfinex. This merger aims to take Twenty One public, with the new entity led by Jack Mallers, the co-founder and CEO of the Lightning payments platform Strike.

The merger is part of a broader strategy to acquire Bitcoin by selling shares in the company, similar to Michael Saylor’s Strategy. Twenty One plans to launch with a treasury of 42,000 Bitcoin, valued at approximately $3.9 billion, with the goal of prioritizing accumulation over speculation. This move is expected to have a positive impact on Cantor Equity's stock price, as investors anticipate the potential benefits of the merger and the company's involvement in the Bitcoin market.

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