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Cantor Equity Partners (CEP) stock skyrocketed 100% in 24 hours amid news of a high-profile SPAC venture involving SoftBank and Tether. The surge far outpaces broader market gains, with the S&P 500 and Nasdaq up just over 1%. The rally follows revelations of a $3 billion Bitcoin-focused investment initiative.
- CEP's 100% price surge dwarfs S&P 500 (+1.2%) and Nasdaq (+1.64%) performance
- 21 Capital venture combines $3B from SoftBank, Tether & Bitfinex for Bitcoin purchases
- SPAC structure enables rapid scaling after $200M January fundraising
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