Tether, the world’s largest stablecoin issuer, and SoftBank are funding a new publicly traded company, called Twenty One Capital, that will invest in bitcoin. The company will launch with about $3.9 billion in bitcoin and will trade on the stock market through a merger with Cantor Fitzgerald’s special-purpose acquisition company Cantor Equity Partners. Twenty One Capital says it expects to launch with more than 42,000 bitcoin, worth about $3.9 billion at current prices, which will make it the third largest bitcoin treasury in the world. Tether and its affiliate Bitfinex plan to contribute 31,500 bitcoin in exchange for shares in the new company, according to an investor presentation. Twenty One will also raise $585 million from investors to buy bitcoin. The company is aiming to rival Michael Saylor’s Strategy, a software-maker-turned bitcoin investing firm, which has amassed $50 billion worth of bitcoin. Twenty One, led by chief executive Jack Mallers, who founded digital payment provider Strike, says it also plans to offer bitcoin-related lending. https://www.reuters.com/t.. #Crypto