Twenty One increased its holdings of 4812 bitcoins at an average price of $95300

According to BlockBeats, on May 14th, a publicly traded company with Bitcoin as its core announced the purchase of 4812 BTC ($458.7 million) through TETHER at an average price of $95300. Cantor Equity Partners, an investment firm, previously announced plans to establish "Twenty One" through a SPAC merger. This will become a publicly traded company with Bitcoin at its core, with an initial reserve of over 42000 bitcoins worth over $3.9 billion at current prices, supported by Tether, Bitfinex, as well as investment firms Cantor Fitzgerald and SoftBank Group. The company, led by Brandon Lutnick, son of the US Secretary of Commerce, not only plans to hoard Bitcoin (allowing investors to gain exposure to related assets without actually holding it), but also provides Bitcoin related financial services and creates a cryptocurrency content and media platform.