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Cantor Equity Partners disclosed that Tether completed a purchase of $458.7 million in Bitcoin for merger transactions.
According to Wu, Cantor Equity Partners disclosed that Tether has purchased 4,812.220927 Bitcoins worth $458.7 million, at an average price of $95,319.83, under the Business Combination Agreement signed on April 22, 2025. The aforementioned Bitcoins will be resold by Tether to Twenty One Capital after the completion of the merger transaction and the delivery of PIPE investment funds.