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Anyone have unique insight on the Cantor Fitzgerald ($CEP) and Twenty One Capital venture? The ticker $CEP is up like 300% since the announcement. What's special about their plan to acquire Bitcoin?
Don't forget to diversify with some CEP as well!
I'm excited about this one, I bought a very modest 30 shares when it was in the mid 20's last week ... did some math and see that on opening (assuming 42,000 BTC is the starting point), on conversion from CEP to XXI, you're sitting on $3.31 in BTC per share. So at $30 it's a bit steep (10:1 mNAV premium)... but also these companies tend to grow VERY fast from the start, so maybe that is priced right. I'm going to be keeping track of that ratio...
Careful with CEP Could be highly diluted as the SPAC goes though. CEP is only going to be around 2.7% of XXI
But CEP (XXI) may be able to acquire a lot of bitcoin quickly
Has anyone smarter than me run any models to see what the numbers will have to look like for CEP to “Be a better BTC company than MSTR”? Do they plan to acquire more BTC? Or use some other metric to determine “success”? My brain can’t fathom how anyone catches MSTR at this point.
CEP stock gives Very litle share on 21 I probably going to wait for a dip
So they have 3B worth of btc. If you look up the share split in the new company. You come to a conclusion that investors get 2,7 percent of the shares which are all the cep shares that are purchased at this moment. So then you need to take 2,7 percent of 3 billion. That comes out to roughly 100m rounded up. CEP right now trades at 400m market cap. So it’s trading at 4 times the bitcoin holdings. And if you ask yourself where does all the other btc from the company go? Tether gets like 30 percent and a few others also. Leaving retail investor right now cep with 2,7 percent of all the bitcoin holdings. Meaning it’s now trading at a 4 mnav so 4 times overpriced. Now is this bad? No but it would mean xxii needs to get 120,000 dollars somewhere in the future. And the question is can it?
Bullish on XXI for bitcoin, but as stock CEP is way overpriced right now, they haven't done anything yet. Congrats to the guys here who bought the stock early before it pumped tho, I shoulda been faster.
I bought some $CEP, the ticker of the pre-merger SPAC before it becomes $XXI. The stock price has tripled in three days from $10 to $30. I wish I had more cash to buy with, but I'm just gonna hold for the long term. In the short term, The price might go back to $10 or even lower after the merger is complete. This sometimes happens with SPACs. I'm not an expert on IPO's and SPACs. But like I said, I'm in it for the long term. HODL. Also can someone smarter than me check this math: Microstrategy owns 538,000 and its market cap is $94 Billion. Twenty One Capital owns 42,000 btc and its market cap right now pre-merger is $324 Million. It seems like the market cap of Twenty One Capital has a lot of room to grow!
it somewhat already is. ticker symbol is CEP currently and will change to XXI once the SPAC-Merger completes
For me, I like to allocate capital to MSTR and now CEP as a way to generate more cash in Fiat terms so I can sell and spend the cash to enrich my life and not sell my Bitcoin.
You cant short bitcoin by shorting MSTR or by shorting CEP/XXI (Mallers’ company) … you only short the company, not the bitcoin they own.
Thoughts on buying in on CEP stock currently? Likelu that this initial surge of hype will fall back down a bit? The day mallers announced XXI I saw it had shot up from 10 dollars to 16 so I held off and now feel like a complete boob
Smash bought CEP, the Jack Mallers XXI SPAC. It’s like buying MSTR’s little brother early. Can’t go back in time to buy MSTR early… so I figured why not go for CEP (XXI)?
I agree with the sentiment, however having some exposure to vehicles such as $CEP/$XXI/$MSTR isn’t a bad idea if it means you have tax free exposure in an ISA or 401k. It’ll never be as good as owning sats, and it’s important to understand exactly what these companies offer, but exposure via other means isn’t necessarily a bad thing.
People have money trapped in 401k/retirement pensions etc that can’t buy the real thing, so BTC-derivatives like IBIT is the next best thing for them to get price exposure to the real thing at the cost of not having true self-custody. Thats one example. In general it depends on your goals as an investor and the type of account you’re investing in. If you’re looking for consistent income and focused on cash flow, stocks like MSTY/IMST might be up your alley. If you’re focused on growth and can do it in a tax advantaged acc like me, stocks like MSTR and prob XXI (currently CEP) are prob the way to go.
$CEP for now, then if the transition from Cantor to 21 is approved by the SEC, the ticker will become $XXI.
I guess to clarify, I bought stock in Cantor Equity Partners (CEP), their largest partner. I will be looking to pick up XXI too when its available.
Will the CEP ticker automatically convert to XXI? I’m debating on buying 100 shares right now
The Bank for International Settlements (BIS) allowed banks to hold 2% Bitcoin come Jan 1st 2% is billions for banks https://www.reddit.com/r/Bitcoin/s/wMadbL3CEP