
Cantor Equity Partners soars after $3.6 bln crypto venture plan
** Shares of blank-check vehicle Cantor Equity Partners 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 for a $3.6 bln new crypto venture ** The newly launched business, called Twenty One Capital, will hold bitcoin 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 was an early adopter of holding bitcoin as a treasury asset