Watch Not Selling Existing Bitcoin on Balance Sheet: Mallers

Jack Mallers, CEO of Twenty One Capital, joins “Bloomberg Crypto” to discuss the company’s merger with special-purpose acquisition Cantor Equity Partners to become a public crypto company. Twenty One was launched by an affiliate of Cantor Fitzgerald LP, stablecoin issuer Tether Holdings SA and SoftBank Group as a Bitcoin company. Brandon Lutnick, chairman of Cantor Fitzgerald and the son of US Secretary of Commerce Howard Lutnick, is chief executive officer of Cantor Equity Partners. Twenty One holds around $3.9 billion in Bitcoin and plans to work on financial infrastructure for the cryptocurrency. Plus it plans to create media and educational resources about Bitcoin. (Source: Bloomberg)