Stablecoin issuer Tether, crypto exchange Bitfinex, and Wall Street giants SoftBank and Cantor Fitzgerald have launched Twenty One, a publicly traded company with plans to acquire more than $3.9 billion worth of BTC.
Tether and Bitfinex will be the majority owners of Twenty One, a new company the firms have launched with traditional finance stalwarts Cantor Fitzgerald and SoftBank.
Jack Mallers, founder and CEO of Strike parent company Zap, has been appointed as CEO of Twenty One.
The company will go public by merging with Cantor Equity Partners, which already trades on the Nasdaq under the CEP ticker. But when the company does begin trading, it’ll be under a new ticker: XXI.
Tether, Bitfinex, Cantor and SoftBank to Launch Bitcoin Company With $3.9 Billion Treasury
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