21 Capital will raise a $350 million convertible bond and $200 million in private equity to fund additional Bitcoin purchases

Quotes that support claims

It also intends to raise a $350 million convertible bond and a $200 million private placement of equity to fund additional Bitcoin purchases, mirroring Strategy’s Bitcoin playbook

Lutnick’s vehicle will also raise a $350mn convertible bond and a separate $200mn private placement of equity to buy additional bitcoin