Traders Rush In as Cantor Shares Surge 130% on Crypto SPAC Buzz

Cantor Equity Soars as Merger With Bitcoin Giant Twenty One Capital Gains Momentum

Cantor Equity Partners (CEP) is seeing explosive interest from investors, with shares spiking 55% on Tuesday and tacking on another 15% in pre-market trading, as anticipation builds around its pending merger with Bitcoin-focused Twenty One Capital.

The proposed deal has ignited bullish sentiment, positioning CEP as a backdoor play on Bitcoin exposure through a high-profile SPAC structure. Twenty One Capital, backed by Tether, Bitfinex, and SoftBank, is being branded as a next-generation Bitcoin treasury, with plans to hold over 42,000 BTC at launch.

Helmed by Strike founder Jack Mallers and Brandon Lutnick, the firm aims to redefine shareholder value through new metrics like Bitcoin Per Share (BPS) and Bitcoin Return Rate (BRR), offering investors a pure-play on Bitcoin’s long-term appreciation.

Ownership projections post-merger show Tether commanding 42.8% of equity and a controlling 51.7% voting stake, with Bitfinex and SoftBank holding 16.0% and 24.0%, respectively. Public shareholders will retain a modest 2.7% stake, reflecting heavy dilution but also leveraged exposure to BTC upside.

With Bitcoin currently trading near $94,000, Cantor is being rapidly revalued by the market as a proxy for institutional Bitcoin adoption. The combined company is expected to debut under the ticker “XXI” following deal completion.