Ripple acquires cryptocurrency friendly broker Hidden Road for $1.25 billion

Odaily Planet Daily News: A publicly traded company with Bitcoin as its core announced the purchase of 4812 BTC ($458.7 million) through TETHER, with an average price of $95300. Cantor Equity Partners, an investment firm, previously announced plans to establish "Twenty One" through a SPAC merger. This will become a publicly traded company with Bitcoin at its core, with an initial reserve of over 42000 bitcoins worth over $3.9 billion at current prices, supported by Tether, Bitfinex, as well as investment firms Cantor Fitzgerald and SoftBank Group. The company, led by Brandon Lutnick, son of the US Secretary of Commerce, not only plans to hoard Bitcoin (allowing investors to gain exposure to related assets without actually holding it), but also provides Bitcoin related financial services and creates a cryptocurrency content and media platform.

According to Bitcoin.com, DeFi Development Corp, a Nasdaq listed company and former real estate software company Janover, announced the purchase of 172670 SOL tokens at an average price of $136.81 per token, for a total amount of approximately $23.6 million. This is the company's largest SOL token acquisition transaction to date and its tenth purchase under its digital asset treasury strategy. After the completion of this transaction, the company currently holds a total of 595988 SOLs, including staking rewards, worth approximately $102.7 million. The newly purchased SOL will be held for the long term and pledged to multiple verification nodes, including the company's own SOL verification nodes, to generate revenue. The plan continuously updates the dynamics of its treasury and investment strategy through public statements and regulatory documents.

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