Bitcoin Asset Management Firm 21 Capital Increases Total Funding to $685 Million
On May 29, according to a report by CoinDesk, Bitcoin asset management company Twenty One Capital raised an additional $100 million through convertible senior secured notes, bringing its total financing to $685 million, and continues to advance its merger plan with Nasdaq-listed company Cantor Equity Partners (CEP), as per documents submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday.
The documents show that the additional funds came from existing investors and sponsors who were granted the option to purchase additional notes during the April financing round and have exercised this right.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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