On May 29, according to a report by CoinDesk, Bitcoin asset management company Twenty One Capital raised an additional $100 million through convertible senior secured notes, bringing its total financing to $685 million, and continues to advance its merger plan with Nasdaq-listed company Cantor Equity Partners (CEP), as per documents submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday.
The documents show that the additional funds came from existing investors and sponsors who were granted the option to purchase additional notes during the April financing round and have exercised this right.