Cantor Equity Partners soars after $3.6 bln crypto venture plan
Shares of blank-check vehicle Cantor Equity Partners CEP.O more than double, last trading at $32.85 after gaining 55.4% on Wednesday
The company, backed by Wall Street brokerage Cantor Fitzgerald, teamed up with a consortium including Tether and SoftBank Group 9984.T for a $3.6 bln new crypto venture
*The newly launched business, called Twenty One Capital, will hold bitcoin BTC= on its balance sheet, wagering that interest in the cryptocurrency will expand under U.S. President Donald Trump
*It will go public through a merger with CEP, according to an announcement on Wednesday
Twenty One will be majority owned by Tether and Bitfinex, while SoftBank will have a minority ownership
Twenty One will trade on the Nasdaq under the symbol "XXI" after the deal closes
*Michael Saylor's Strategy MSTR.O was an early adopter of holding bitcoin as a treasury asset
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