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Shares of Cantor Equity Partners Inc (NASDAQ:CEP) have surged 203% to $32.71 since Monday’s open. The stock has skyrocketed this week amid announcing a merger with newly formed Bitcoin-focused firm Twenty One.
What To Know: Valued at $3.6 billion, the combined entity will become the third-largest public holder of Bitcoin, trailing only MicroStrategy and Tether.
Backed by Tether, SoftBank and Jack Mallers—who will serve as CEO—Twenty One will hold 42,000 Bitcoin (CRYPTO: BTC) and plans further accumulation.
It also raised $585 million to support Bitcoin purchases and operations. The company will focus on Bitcoin-native financial tools, media, and capital markets products, emphasizing metrics like "Bitcoin Per Share."
Post-merger, shares will trade under the ticker “XXI” on Nasdaq. The deal meanwhile awaits shareholder approval.
Read Also: China Trade War: 4 Big-Brand Stocks That Will Suffer Most
By now you're likely curious about how to participate in the market for Cantor Equity Partners – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Cantor Equity Partners, which is trading at $24.8 as of publishing time, $100 would buy you 4.03 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, CEP has a 52-week high of $39.29 and a 52-week low of $9.99.
