By Emir Abyazov Key highlights: Twenty One Capital dropped nearly 20% on its first trading day despite holding more than 43,500 BTC. Investor caution grew as the company launched without revealing a clear operating business model. Big names like Tether and SoftBank are backing the firm, raising expectations for its future strategy. Shares of Twenty […]
Tag: SPAC
By Marco Piccolo Key highlights: Ripple Labs is reportedly planning to raise at least $1 billion through a SPAC to support a new XRP-focused digital asset treasury (DAT). The initiative would involve both newly acquired XRP and a portion of Ripple’s existing holdings, aiming to stabilize XRP’s supply dynamics. The move coincides with Ripple’s $1 […]
By Marco Piccolo Key highlights: Avalanche Foundation is planning to raise $1 billion through two digital asset treasury companies in the U.S. The initiative involves a $500M private investment and a $500M SPAC deal, with both vehicles aiming to acquire discounted AVAX tokens. The move aligns with a broader trend of public firms transforming into […]