Cantor Equity Partners (CEP) Stock Price Surges 100% Today: Here’s What You Need to Know

Trading at around $33 per share at the time of this writing, the price of Cantor Equity Partners (CEP) stocks have increased by a whopping 100% in the past 24 hours. Source: Yahoo Finance CEP Price Explodes on the Daily The stock is clearly outperforming the rest of the market, which is also trading in the positive. For instance, the S&P 500 charts gains upwards of 1.2%, while the Nasdaq Composite is up by 1.64%. As CryptoPotato reported yesterday, Cantor Fitzgerald is teaming up with SoftBank and Tether to launch a new venture called 21 Capital. The investment structure involves a special-purpose acquisition company, commonly referred to as a SPAC – the newly formed Cantor Equity Partners (CEP). It’s worth noting that it raised $200 million in January. In any case, SoftBank will contribute $900 million to buy BTC at $85,000, Tether will contribute $1.5 billion, and Bitfinex will be in with $600 million. The post Cantor Equity Partners (CEP) Stock Price Surges 100% Today: Here’s What You Need to Know appeared first on CryptoPotato .

Source: Crypto Potato