Bitcoin investment firm Twenty One Capital raises $685 million in total funding

According to Golden Finance, Bitcoin investment firm Twenty One Capital has raised an additional $100 million through convertible senior secured notes, bringing its total funding to $685 million, in preparation for its merger with Cantor Equity Partners, a Nasdaq listed company. According to SEC documents, the new funding comes from existing investors and sponsors who exercise purchase options. The company was created by Brandon Lutnick through a SPAC structure, with major shareholders including iFinex and Tether, and will be led by Strike CEO Jack Mallers. Twenty One Capital has recently disclosed the completion of a $458 million Bitcoin acquisition, becoming another company to adopt a cryptocurrency fiscal strategy after Michael Saylor's Startegy.